This paper analysis the integrated use of safety monitoring with the domestic and international latest research on rail safety protection system, and focus on the implementation of an organic whole system, with the monitoring and early warning, risk assessment, predictive control and emergency rescue system. The system framework, contents and system structure of Security system is proposed comp...

In this paper we study the distributional properties (mean, variance, characteristic function) of the discounted warranty cost (DWC) for general warranty programs including free replacement (FRW) pro rata (PRW) and FRW/PRW in the context of perfect repair. Since only failure times and types are needed in the derivation of these properties, the reliability of the systems is modeled according to ...

Choosing a proper external risk measure is of great regulatory importance, as exemplified in the Basel II and Basel III Accords, which use value-at-risk with scenario analysis as the risk measures for setting capital requirements. We argue that a good external risk measure should be robust with respect to model misspecification and small changes in the data. A new class of data-based risk measu...

Free flight is an effective way to solve the congestions of air traffic flow. In order to guarantee the flight security, there is great significance to study on collision risk assessment in free flight. This paper applies the idea of collision risk of fixed route based on conflict area for reference, firstly designs a conflict area and establishes the collision risk model in free flight on the ...

a r t i c l e i n f o Operational risk is increasingly being recognised as a significant area of risk and regulation, yet there exists relatively little research on it. In this paper we show that operational risk represents a fundamental risk to option hedging and investigate it by proposing a new theoretical model. We derive an exposure indicator for the operational risk of option hedging and ...