• DocumentCode
    155302
  • Title

    Risk-awareness in resilient networks design: Value-at-risk is enough

  • Author

    Cholda, Piotr ; Guzik, Piotr ; Rusek, Krzysztof

  • Author_Institution
    AGH Univ. of Sci. & Technol., Krakow, Poland
  • fYear
    2014
  • fDate
    17-19 Sept. 2014
  • Firstpage
    1
  • Lastpage
    6
  • Abstract
    The paper discusses business impact analysis in the context of resilient networks. The emphasis is put on risk evaluation using Value-at-Risk (VaR) and Conditional VaR measures. The concerns known for VaR are shown, especially the theoretical lack of subadditivity. The study shows that in practice the disadvantages do not appear in resilient networks design, and there is no need to apply the more complex CVaR.
  • Keywords
    risk management; telecommunication network planning; telecommunication network reliability; business impact analysis; conditional VaR measures; resilient networks design; risk evaluation; risk-awareness; value-at-risk is enough; Availability; Context; Investment; Reactive power; Resilience; Risk management; continuity; optimization; protection; recovery; risk; survivable networks; value-at-risk;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Telecommunications Network Strategy and Planning Symposium (Networks), 2014 16th International
  • Conference_Location
    Funchal
  • Type

    conf

  • DOI
    10.1109/NETWKS.2014.6958530
  • Filename
    6958530
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=155302