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 ...

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 ...

A function h defined on a region R in Rn will be said to possess a restricted mean value property if the value of the function at each point is equal to the mean value of the function over one open ...

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 ...