JORS
2010
13 years 7 months ago
2010
JORS
2010
13 years 7 months ago
2010
In order to manage model risk, financial institutions need to set up validation processes so as to monitor the quality of the models on an ongoing basis. Validation can be conside...
JORS
2010
13 years 7 months ago
2010
The Basel New Accord which is being implemented throughout the banking world on 1 January 2007 has made a significant difference to the use of modelling within financial organisat...
JORS
2010
13 years 7 months ago
2010
JORS
2010
13 years 7 months ago
2010
Monte Carlo simulation is a common method for studying the volatility of market traded instruments. It is less employed in retail lending, because of the inherent nonlinearities in...
JORS
2010
13 years 7 months ago
2010
The facility layout problem is concerned with finding the most efficient arrangement of a given number of departments with unequal area requirements within a facility. The facilit...
JORS
2010
13 years 7 months ago
2010
JORS
2010
13 years 7 months ago
2010
This paper considers short-term energy management of a wind power plant with battery storage, in order to smooth the variations of power output to the external grid. An optimal on...
JORS
2010
13 years 7 months ago
2010
JORS
2010
13 years 11 months ago
2010
There is renewed interest in the development of effective and efficient methods for optimizing models of which the optimizer has no structural know...