Too many financial decisions are made without factoring in the time value of money. Whether providing financial planning advice related to a client’s retirement, advising a client about a business ...

For many businesses, compliance functions are frequently perceived as a cost center—an unavoidable expense that doesn't directly correlate to revenue growth. In some organizations, compliance teams ...

This paper examines whether the comparison of value-at-risk (VaR) models depends on the loss function used for such a purpose.We showa detailed comparison for several VaR models for two groups of loss ...

Mathematics of Operations Research, Vol. 22, No. 4 (Nov., 1997), pp. 872-885 (14 pages) The present work deals with the comparison of (discrete time) Markov decision processes (MDPs), which differ ...