Behavioral accidents are a particular type of accident. They are caused by inappropriate individual behaviors and faulty reactions. Catastrophe theory is a means for mathematically modeling the dynamic processes that underlie behavioral accidents. Based on a comprehensive data base of mining accidents, a computerized catastrophe model has been developed by the Bureau of Mines. This model system...

This paper uses the example of catastrophe bonds to investigate how exposures to geophysical, biological, and meteorological catastrophic events are constituted as securitizable and exchangeable financial risks in the insurance-linked securities (ILS) market. It discusses the techniques of catastrophe modeling as a pivotal mobile methodology for the calculation and creation of contingent assets...

In the Gaussian scale-space formalism, image features are often deened as loci of diierential invariants. A typical behavior of these is topological stability in open intervals of the scale axis. However, it is generic that the feature topology changes at speciic scales in so-called catastrophe events. In this paper, we show that the generic Gaussian scale-space catastrophe events for the gradi...

Convenience stores in Taiwan have made remarkable successes with retail delivery services by integrating E-commerce and logistics systems to form a new retail delivery model: “On-line shopping with pick-ups at convenience stores.” Although choice behavior has been discussed in marketing, few studies describe the non-linear characteristic of choice behavior. The catastrophe model was used to ana...

An easy to apply multi-criteria technique is the Matrixes Of Weighing (MOW), but many of the professionals that use it, in their respective fields, do it in intuitive fashion. In this regard, applications are rarely reported in specialized literature, which explains how few references exist about them. One of the application areas for MOW is the handling of catastrophes, in particular the pre-c...

We examine the pricing of catastrophe risk bonds. Catastrophe risk cannot be hedged by traditional securities and thus the pricing of catastrophe risk bonds must be examined in an incomplete markets setting and therefore entails special difficulties in the pricing methodology. We present techniques for pricing these bonds and discuss this theory in the context of equilibrium pricing and its rel...

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