Intelligent financial decision model of natural disasters risk control

Chun Pin Tseng, Cheng Wu Chen, Ken Yen, Wei Ling Chiang

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

5 Scopus citations

Abstract

This paper describes how risk-based risk control allocation model works. We begin by discussing the economic rational for allocating risk control in a diversified organization like enterprises. The direct and indirect losses caused by the simulated disasters can be estimated using the engineering and financial analysis model. Basing on the model, we can generate exceeding probability (EP) curve and then calculate how much loss will be ceased or transferred to other entities, if somehow spending budgets on risk control actions. Results from the proposed formulations are compared in case studies. The model attempts to apply risk based budget guidelines to risk reduction measurement with a portfolio-based risk framework.

Original languageEnglish
Title of host publicationAdvanced Intelligent Computing Theories and Applications
Subtitle of host publicationWith Aspects of Theoretical and Methodological Issues - Third International Conference on Intelligent Computing, ICIC 2007, Proceedings
PublisherSpringer Verlag
Pages46-55
Number of pages10
ISBN (Print)9783540741701
DOIs
StatePublished - 2007
Event3rd International Conference on Intelligent Computing, ICIC 2007 - Qingdao, China
Duration: 21 Aug 200724 Aug 2007

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume4681 LNCS
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

Conference3rd International Conference on Intelligent Computing, ICIC 2007
Country/TerritoryChina
CityQingdao
Period21/08/0724/08/07

Keywords

  • Exceeding probability (EP) curve
  • Risk control
  • Risk reduction

Fingerprint

Dive into the research topics of 'Intelligent financial decision model of natural disasters risk control'. Together they form a unique fingerprint.

Cite this