Modeling and Pricing in Financial Markets for Weather Derivatives PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Modeling and Pricing in Financial Markets for Weather Derivatives PDF full book. Access full book title Modeling and Pricing in Financial Markets for Weather Derivatives by Fred Espen Benth. Download full books in PDF and EPUB format.
Author: Fred Espen Benth Publisher: World Scientific ISBN: 9814401854 Category : Business & Economics Languages : en Pages : 255
Book Description
Weather derivatives provide a tool for weather risk management, and the markets for these exotic financial products are gradually emerging in size and importance. This unique monograph presents a unified approach to the modeling and analysis of such weather derivatives, including financial contracts on temperature, wind and rain. Based on a deep statistical analysis of weather factors, sophisticated stochastic processes are introduced modeling the time and space dynamics. Applying ideas from the modern theory of mathematical finance, weather derivatives are priced, and questions of hedging analyzed. The treatise contains an in-depth analysis of typical weather contracts traded at the Chicago Mercantile Exchange (CME), including so-called CDD and HDD futures. The statistical analysis of weather variables is based on a large data set from Lithuania.The monograph includes the research done by the authors over the last decade on weather markets. Their work has gained considerable attention, and has been applied in many contexts.
Author: Fred Espen Benth Publisher: World Scientific ISBN: 9814401854 Category : Business & Economics Languages : en Pages : 255
Book Description
Weather derivatives provide a tool for weather risk management, and the markets for these exotic financial products are gradually emerging in size and importance. This unique monograph presents a unified approach to the modeling and analysis of such weather derivatives, including financial contracts on temperature, wind and rain. Based on a deep statistical analysis of weather factors, sophisticated stochastic processes are introduced modeling the time and space dynamics. Applying ideas from the modern theory of mathematical finance, weather derivatives are priced, and questions of hedging analyzed. The treatise contains an in-depth analysis of typical weather contracts traded at the Chicago Mercantile Exchange (CME), including so-called CDD and HDD futures. The statistical analysis of weather variables is based on a large data set from Lithuania.The monograph includes the research done by the authors over the last decade on weather markets. Their work has gained considerable attention, and has been applied in many contexts.
Author: Fred Espen Benth Publisher: Springer ISBN: 3319234250 Category : Science Languages : en Pages : 362
Book Description
These Proceedings offer a selection of peer-reviewed research and survey papers by some of the foremost international researchers in the fields of finance, energy, stochastics and risk, who present their latest findings on topical problems. The papers cover the areas of stochastic modeling in energy and financial markets; risk management with environmental factors from a stochastic control perspective; and valuation and hedging of derivatives in markets dominated by renewables, all of which further develop the theory of stochastic analysis and mathematical finance. The papers were presented at the first conference on “Stochastics of Environmental and Financial Economics (SEFE)”, being part of the activity in the SEFE research group of the Centre of Advanced Study (CAS) at the Academy of Sciences in Oslo, Norway during the 2014/2015 academic year.
Author: Jack E. Cermak Publisher: Springer Science & Business Media ISBN: 9401736863 Category : Science Languages : en Pages : 767
Book Description
If one surveys the development of wind engineering, one comes to the conclusion that the challenge of urban climatology is one of the most important remaining tasks for the wind engineers. But what distinguishes wind engineering in urban areas from conventional wind engineering? Principally, the fact that the effects studied are usually unique to a particular situation, requiring consideration of the surroundings of the buildings. In the past, modelling criteria have been developed that make it possible to solve environmental problems with great confidence, and studies validated the models: at least in a neutrally stratified atmosphere. The approach adopted in the book is that of applied fluid mechanics, since this forms the basis for the evaluation of the urban wind field. Variables for air quality or loads are problem specific, or even random, and methods for studying them are based on risk analysis, which is also presented. Criteria are developed for a systematic approach to urban wind engineering problems, including parameter studies. The five sections of the book are: Fundamentals of urban boundary layer and dispersion; Forces on complex structures in built-up areas; Air pollution in cities; Numerical solution techniques; and Posters. A subject index is included.
Author: James L. Martin Publisher: CRC Press ISBN: 1138000868 Category : Science Languages : en Pages : 5742
Book Description
Focusing on fundamental principles, Hydro-Environmental Analysis: Freshwater Environments presents in-depth information about freshwater environments and how they are influenced by regulation. It provides a holistic approach, exploring the factors that impact water quality and quantity, and the regulations, policy and management methods that are necessary to maintain this vital resource. It offers a historical viewpoint as well as an overview and foundation of the physical, chemical, and biological characteristics affecting the management of freshwater environments. The book concentrates on broad and general concepts, providing an interdisciplinary foundation. The author covers the methods of measurement and classification; chemical, physical, and biological characteristics; indicators of ecological health; and management and restoration. He also considers common indicators of environmental health; characteristics and operations of regulatory control structures; applicable laws and regulations; and restoration methods. The text delves into rivers and streams in the first half and lakes and reservoirs in the second half. Each section centers on the characteristics of those systems and methods of classification, and then moves on to discuss the physical, chemical, and biological characteristics of each. In the section on lakes and reservoirs, it examines the characteristics and operations of regulatory structures, and presents the methods commonly used to assess the environmental health or integrity of these water bodies. It also introduces considerations for restoration, and presents two unique aquatic environments: wetlands and reservoir tailwaters. Written from an engineering perspective, the book is an ideal introduction to the aquatic and limnological sciences for students of environmental science, as well as students of environmental engineering. It also serves as a reference for engineers and scientists involved in the management, regulation, or restoration of freshwater environments.
Author: Hermann-Josef Wagner Publisher: Springer Science & Business Media ISBN: 3642020232 Category : Technology & Engineering Languages : en Pages : 90
Book Description
Authors have tried to strike a balance between a short book chapter and a very detailed book for subject experts. There were three prime reasons behind doing so: first, the field is quite interdisciplinary and requires simplified presentation for a person from non-parent discipline. Second reason for this short-version of a full book is that both the authors have seen students and technically oriented people, searching for this type of book on wind energy. Third reason and motivation was considering engineers who are starting their career in wind industry. This book is targeted to present a good starting background to such professionals.
Author: Arvid Naess Publisher: Cambridge University Press ISBN: 0521881552 Category : Mathematics Languages : en Pages : 425
Book Description
For students and professionals, this covers theory and methods for stochastic modelling and analysis of marine structures under environmental loads.
Author: Jianping Yang Publisher: Springer Nature ISBN: 3031320689 Category : Science Languages : en Pages : 379
Book Description
This book dedicates to publish exceptionally important and high-quality, agenda-setting research so as to tackle the key global and societal challenges of ensuring the provision of energy and protecting our environment for the future. The book appeals to chemical scientists, chemical and process engineers, energy researchers, bio-scientists, and environmental scientists from across academia, industry, and government. The scope is intentionally broad, and the book recognizes the complexity of issues and challenges relating to energy conversion and storage, alternative fuel technologies, and environmental science. The main topics of this book include but not limit to (1) alternative energy and the environment, (2) assessments of the condition of ecosystems and environmental quality, (3) behavior of and impacts of pollutants in atmosphere, soil, and water, (4) management of ecosystems, environment, and water resources, (5) modeling and regional environmental assessments (includes global change), (6) treatment/restoration of ecosystems, environment, and water resources, and (7) sustainable/renewable energy. All scales of studies and analysis, from impactful fundamental advances to interdisciplinary research across the (bio)chemical, (bio/geo) physical sciences, and chemical engineering disciplines are welcomed. So, this book is linked to the energy-environment nexus and is of significant general interest to our community-spanning readership.
Author: Laura Castro-Santos Publisher: Springer ISBN: 3319279726 Category : Technology & Engineering Languages : en Pages : 204
Book Description
This book provides an overview of floating offshore wind farms and focuses on the economic aspects of this renewable-energy technology. It presents economic maps demonstrating the main costs, and explores various important aspects of floating offshore wind farms. It examines topics including offshore wind turbines, floating offshore wind platforms, mooring and anchoring, as well as offshore electrical systems. It is a particularly useful resource in light of the fact that most water masses are deep and therefore not suitable for fixed offshore wind farms. A valuable reference work for students and researchers interested in naval and ocean engineering and economics, this book provides a new perspective on floating offshore wind farms, and makes a useful contribution to the existing literature.
Author: Fred Espen Benth
Author: Fred Espen Benth
Author: Fred Espen Benth
Author: V. A. Ogorodnikov
Author: 
Author: Jack E. Cermak
Author: James L. Martin
Author: Hermann-Josef Wagner
Author: Arvid Naess
Author: Jianping Yang
Author: Laura Castro-Santos