• DocumentCode
    3851047
  • Title

    The Science Behind Risk Management

  • Author

    Douglas E. Johnston;Petar M. Djurić

  • Author_Institution
    Most recently, he was at Field Street Capital Management, a hedge fund in New York.
  • Volume
    28
  • Issue
    5
  • fYear
    2011
  • Firstpage
    26
  • Lastpage
    36
  • Abstract
    Risk management (RM) has a long and storied history in both engineering and finance. As far back as 1800 BC, inscribed in the Code of Hammurabi in ancient Babylon, there is evidence that insurance premiums were paid by farmers to cover the risk of a crop failure. This was essentially an insurance policy, or a way to manage risk, which became a growth industry in Europe during the 1600s with the advent of global trade and the need to mitigate shipping risks.
  • Keywords
    "Financial management","Time series analysis","Network security","Correlation","Insurance"
  • Journal_Title
    IEEE Signal Processing Magazine
  • Publisher
    ieee
  • ISSN
    1053-5888
  • Type

    jour

  • DOI
    10.1109/MSP.2011.941549
  • Filename
    5999578
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=3851047