We analyze the Solvency II standard formula (SF) for capital risk aggregation in relation to the treatment of operational risk (OR) capital. We show that the SF implicitly assumes that the correlation between OR and the ...

Supply chain optimization, company interdependency and the establishment of global operating networks have all made companies more susceptible to uncertainty and risk. Literature on the subject lacks analysis of how companies ...

The Fifth Edition of Multinational Finance presents a difficult subject in an accessible way. It provides a clear framework for evaluating the many opportunities, costs, and risks of mutinational operations in a manner ...

The Fifth Edition of Multinational Finance presents a difficult subject in an accessible way. It provides a clear framework for evaluating the many opportunities, costs, and risks of mutinational operations in a manner ...

The ordered weighted average (OWA) is an aggregation operator that provides a parameterized family of aggregation operators between the minimum and the maximum. This paper analyzes the use of the OWA in the variance and ...

Averaging aggregation operators analyse a set of data providing a summary of the results. This study focuses on the Bonferroni mean and the induced and heavy aggregation operators. The aim of the work is to present new ...