This chapter considers the natural hazard Risk Manager as an agent for choosing between interventions that affect the impact of future hazards. As such, it is possible to proceed broadly quantitatively, and to set aside the many less-quantifiable concerns that arise during a period of real-time hazard management. Thus the aim is to describe a framework in which it is possible to address questio...

Fuel hedging is a common risk management tool used in the airline industry. But past studies have not addressed the question of whether fuel hedging creates any benefit to airline operations. This study is the first work that empirically examines the role of fuel hedging in reducing airlines’ operating costs. Using US airlines data from 2000 through 2012, we find that, after accounting for the ...

It is well-known that pension fund participants can benefit from intergenerational risksharing, but that different generations have different incentives. This paper models intergenerational solidarity in closing funded pension plans as a bargaining process between generations. We consider generations which each are represented by members of the pension fund’s board. We model pension funds that ...

CORAS is a research and technological development project under the Information Society Technologies (IST) Programme (Commission of the European Communities, Directorate-General Information Society). One of the main objectives of CORAS is to develop a practical framework, exploiting methods for risk analysis, semiformal methods for object-oriented modelling, and computerised tools, for a precis...

We use a model of optimal portfolio choice to measure heterogeneity in risk aversion among households in Thai villages. There is substantial heterogeneity in risk preferences, positively correlated in most villages with alternative estimates based on a full risk-sharing model.

the aim of this study was to examine potato growers' perceptions of risk sources and risk management strategies and their risk management behavior. a survey research method was used in this study. the data originated from a sample of potato growers (n= 128) of ardabil province in the cropping year of 2013. the respondents were divided into two groups of less risk-averse (lra) and more risk-aver...

introdouction: although highly desirable outcomes and longterm survival of dental implant treatments are well documented, implant failures still occur due to various reasons. several risk factors may impair implant survival including implant dimensions (length, diameter, and implant design), procedures, local bone density at the implant site, and patient-related risk factors such as age, smokin...