28 research outputs found

    A stochastic model for proactive risk management decisions

    No full text
    The analysis of stochastic discounting models provides one of the more powerful tools available for decision-making under conditions of uncertainty. This paper is mainly devoted to the establishment of properties and applications of a particular stochastic discounting model. More precisely, the paper investigates some of the theoretical problems encountered in a stochastic discounting model when assessing mutually exclusive options, and establishes the advantages of considering risk retention in proactive risk-management programs

    A stochastic present-value model for application in situations of financial constraint

    No full text
    SIGLEAvailable from British Library Document Supply Centre-DSC:7673.051(97-78) / BLDSC - British Library Document Supply CentreGBUnited Kingdo
    corecore