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Books in Decision sciences

Our Decision Sciences titles care essential reading for students and professionals, and cover key topics in decision support systems, and global logistics, among other areas of research and practice

BooksJournals

    • Handbooks in Operations Research and Management Science: Financial Engineering

      • 1st Edition
      • Volume 15
      • October 18, 2007
      • John R. Birge + 1 more
      • English
      • Hardback
        9 7 8 0 4 4 4 5 1 7 8 1 4
      • eBook
        9 7 8 0 0 8 0 5 5 3 2 5 2
      The remarkable growth of financial markets over the past decades has been accompanied by an equally remarkable explosion in financial engineering, the interdisciplinary field focusing on applications of mathematical and statistical modeling and computational technology to problems in the financial services industry. The goals of financial engineering research are to develop empirically realistic stochastic models describing dynamics of financial risk variables, such as asset prices, foreign exchange rates, and interest rates, and to develop analytical, computational and statistical methods and tools to implement the models and employ them to design and evaluate financial products and processes to manage risk and to meet financial goals. This handbook describes the latest developments in this rapidly evolving field in the areas of modeling and pricing financial derivatives, building models of interest rates and credit risk, pricing and hedging in incomplete markets, risk management, and portfolio optimization. Leading researchers in each of these areas provide their perspective on the state of the art in terms of analysis, computation, and practical relevance. The authors describe essential results to date, fundamental methods and tools, as well as new views of the existing literature, opportunities, and challenges for future research.

    • Forecasting Volatility in the Financial Markets

      • 3rd Edition
      • February 19, 2007
      • Stephen Satchell + 1 more
      • English
      • Hardback
        9 7 8 0 7 5 0 6 6 9 4 2 9
      • Paperback
        9 7 8 0 0 8 0 9 7 6 2 1 1
      • eBook
        9 7 8 0 0 8 0 4 7 1 4 2 6
      Forecasting Volatility in the Financial Markets, Third Edition assumes that the reader has a firm grounding in the key principles and methods of understanding volatility measurement and builds on that knowledge to detail cutting-edge modelling and forecasting techniques. It provides a survey of ways to measure risk and define the different models of volatility and return. Editors John Knight and Stephen Satchell have brought together an impressive array of contributors who present research from their area of specialization related to volatility forecasting. Readers with an understanding of volatility measures and risk management strategies will benefit from this collection of up-to-date chapters on the latest techniques in forecasting volatility. Chapters new to this third edition:* What good is a volatility model? Engle and Patton* Applications for portfolio variety Dan diBartolomeo* A comparison of the properties of realized variance for the FTSE 100 and FTSE 250 equity indices Rob Cornish* Volatility modeling and forecasting in finance Xiao and Aydemir* An investigation of the relative performance of GARCH models versus simple rules in forecasting volatility Thomas A. Silvey

    • Handbook of Econometrics

      • 1st Edition
      • Volume 6A
      • December 13, 2007
      • James J. Heckman + 1 more
      • English
      • Hardback
        9 7 8 0 4 4 4 5 0 6 3 1 3
      • eBook
        9 7 8 0 0 8 0 5 5 6 2 8 4
      As conceived by the founders of the Econometric Society, econometrics is a field that uses economic theory and statistical methods to address empirical problems in economics. It is a tool for empirical discovery and policy analysis. The chapters in this volume embody this vision and either implement it directly or provide the tools for doing so. This vision is not shared by those who view econometrics as a branch of statistics rather than as a distinct field of knowledge that designs methods of inference from data based on models of human choice behavior and social interactions. All of the essays in this volume and its companion volume 6B offer guidance to the practitioner on how to apply the methods they discuss to interpret economic data. The authors of the chapters are all leading scholars in the fields they survey and extend.

    • Forecasting Expected Returns in the Financial Markets

      • 1st Edition
      • July 16, 2007
      • Stephen Satchell
      • English
      • Paperback
        9 7 8 0 0 8 0 9 7 6 2 8 0
      • Hardback
        9 7 8 0 7 5 0 6 8 3 2 1 0
      • eBook
        9 7 8 0 0 8 0 5 5 0 6 7 1
      Forecasting returns is as important as forecasting volatility in multiple areas of finance. This topic, essential to practitioners, is also studied by academics. In this new book, Dr Stephen Satchell brings together a collection of leading thinkers and practitioners from around the world who address this complex problem using the latest quantitative techniques.

    • Handbook of Econometrics

      • 1st Edition
      • Volume 6B
      • December 14, 2007
      • James J. Heckman + 1 more
      • English
      • Hardback
        9 7 8 0 4 4 4 5 3 2 0 0 8
      • eBook
        9 7 8 0 0 8 0 5 5 6 5 5 0
      As conceived by the founders of the Econometric Society, econometrics is a field that uses economic theory and statistical methods to address empirical problems in economics. It is a tool for empirical discovery and policy analysis. The chapters in this volume embody this vision and either implement it directly or provide the tools for doing so. This vision is not shared by those who view econometrics as a branch of statistics rather than as a distinct field of knowledge that designs methods of inference from data based on models of human choice behavior and social interactions. All of the essays in this volume and its companion volume 6A offer guidance to the practitioner on how to apply the methods they discuss to interpret economic data. The authors of the chapters are all leading scholars in the fields they survey and extend.Handbook of Econometrics is now available online at ScienceDirect — full-text online from volume 1 onwards.

    • Operations Risk

      • 1st Edition
      • December 15, 2006
      • David Loader
      • English
      • Hardback
        9 7 8 0 7 5 0 6 6 7 9 9 9
      • eBook
        9 7 8 0 0 8 0 4 6 9 4 8 5
      Operations Risk--a form of Operational Risk, is becoming increasingly important as more and more sophisticated products and the use of those products occurs in the financial services industry. Outsourcing, including overseas outsourcing, is changing the structure of firms and particularly operations teams. Thus understanding the existing and the changing risk environment in operations functions and its impact on operational risk is centrally important today. The book focuses on areas such as technology risk, people risk, and settlement risk, examining the dangers that lurk within different organisations. Case studies throughout the book illustrate the way in which risk can become magnified and ultimately become a serious danger to the businesses concerned. The reader is challenged throughout the book to interpret given situations in Operations Risk so as to understand the impact of the risks and devise solutions through a series of exercises included in the relevant chapters. (answers are provided). This “self-test” approach will help reinforce understanding of the detailed material contained throughout the book.

    • Info-Gap Decision Theory

      • 2nd Edition
      • August 7, 2006
      • Yakov Ben-Haim
      • English
      • Paperback
        9 7 8 1 4 9 3 3 0 0 9 8 3
      • Hardback
        9 7 8 0 1 2 3 7 3 5 5 2 2
      • eBook
        9 7 8 0 0 8 0 4 6 5 7 0 8
      Everyone makes decisions, but not everyone is a decision analyst. A decision analyst uses quantitative models and computational methods to formulate decision algorithms, assess decision performance, identify and evaluate options, determine trade-offs and risks, evaluate strategies for investigation, and so on. Info-Gap Decision Theory is written for decision analysts. The term "decision analyst" covers an extremely broad range of practitioners. Virtually all engineers involved in design (of buildings, machines, processes, etc.) or analysis (of safety, reliability, feasibility, etc.) are decision analysts, usually without calling themselves by this name. In addition to engineers, decision analysts work in planning offices for public agencies, in project management consultancies, they are engaged in manufacturing process planning and control, in financial planning and economic analysis, in decision support for medical or technological diagnosis, and so on and on. Decision analysts provide quantitative support for the decision-making process in all areas where systematic decisions are made. This second edition entails changes of several sorts. First, info-gap theory has found application in several new areas - especially biological conservation, economic policy formulation, preparedness against terrorism, and medical decision-making. Pertinent new examples have been included. Second, the combination of info-gap analysis with probabilistic decision algorithms has found wide application. Consequently "hybrid" models of uncertainty, which were treated exclusively in a separate chapter in the previous edition, now appear throughout the book as well as in a separate chapter. Finally, info-gap explanations of robust-satisficing behavior, and especially the Ellsberg and Allais "paradoxes", are discussed in a new chapter together with a theorem indicating when robust-satisficing will have greater probability of success than direct optimizing with uncertain models.

    • Managing Maintenance Resources

      • 1st Edition
      • May 10, 2006
      • Anthony Kelly
      • English
      • Paperback
        9 7 8 0 7 5 0 6 6 9 9 3 1
      • eBook
        9 7 8 0 0 8 0 4 6 2 6 1 5
      Managing Maintenance Resources shows how to reduce the complexity involved in engineering, or re-engineering, a maintenance organization. It recognises that this is a complex problem involving many inter-related decisions – such as whether or not resources should be centralized, contractor alliances be entered into or flexible working be adopted. This book provides a unique approach to modeling maintenance-producti... organizations. It enables the identification of problems and delivers guidelines to develop effective solutions. This is one of three stand-alone volumes designed to provide maintenance professionals in any sector with a better understanding of maintenance management, enabling the identification of problems and the delivery of effective solutions.

    • Handbook of Economic Forecasting

      • 1st Edition
      • Volume 1
      • May 30, 2006
      • G. Elliott + 2 more
      • English
      • Hardback
        9 7 8 0 4 4 4 5 1 3 9 5 3
      • eBook
        9 7 8 0 0 8 0 4 6 0 6 7 3
      Research on forecasting methods has made important progress over recent years and these developments are brought together in the Handbook of Economic Forecasting. The handbook covers developments in how forecasts are constructed based on multivariate time-series models, dynamic factor models, nonlinear models and combination methods. The handbook also includes chapters on forecast evaluation, including evaluation of point forecasts and probability forecasts and contains chapters on survey forecasts and volatility forecasts. Areas of applications of forecasts covered in the handbook include economics, finance and marketing.

    • Security Operations Management

      • 2nd Edition
      • December 4, 2006
      • Robert McCrie
      • English
      • Hardback
        9 7 8 0 7 5 0 6 7 8 8 2 7
      • eBook
        9 7 8 0 0 8 0 4 6 9 4 9 2
      The second edition of Security Operations Management continues as the seminal reference on corporate security management operations. Revised and updated, topics covered in depth include: access control, selling the security budget upgrades to senior management, the evolution of security standards since 9/11, designing buildings to be safer from terrorism, improving relations between the public and private sectors, enhancing security measures during acute emergencies, and, finally, the increased security issues surrounding the threats of terrorism and cybercrime. An ideal reference for the professional, as well as a valuable teaching tool for the security student, the book includes discussion questions and a glossary of common security terms. Additionally, a brand new appendix contains contact information for academic, trade, and professional security organizations.

Related subjects

Decision sciences and computers

Decision sciences applications

Operations research management science methods