Climate risk management: The case of forecasting tropical cyclones

• المؤلفون الرئيسيون: CHANG, Carolyn W, CHANG, SK Jack, LIM, Kian Guan
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2010
• الموضوعات: Tropical cyclones; Climate risk management; Forecasting; Doubly-binomial Tree; Stochastic intensity arrival; Random time steps; Option pricing; Finance and Financial Management
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/5226; https://ink.library.smu.edu.sg/context/lkcsb_research/article/6225/viewcontent/SSRN_id1570625.pdf
• المؤسسة: Singapore Management University

Global warming has induced an increasing number of deadly tropical cyclones with a continuing trend. Developing high-functional climate risk management tools in forecasting, catastrophe modeling, pricing and hedging is thus crucial. By using transactional price changes of traded hurricane derivative...