Weather Derivatives Modeling and Pricing Weather-Related Risk /

• Main Authors: Alexandridis K., Antonis. (Author), Zapranis, Achilleas D. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: New York, NY : Springer New York : Imprint: Springer, 2013.
• Subjects: Economics.; Finance.; Economics > Statistics.; Economics/Management Science.; Finance/Investment/Banking.; Quantitative Finance.; Statistics for Business/Economics/Mathematical Finance/Insurance.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-1-4614-6071-8

Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to minimize risk associated with adverse or unexpected weather conditions. Just as traditional contingent claims, a weather derivative has an underlying measure, such...

Table of Contents:

• The weather derivatives market
• Introduction to Stochastic Calculus
• Handling the data
• Pricing approaches of temperature
• Modeling the daily average temperature
• Pricing temperature derivatives
• The use of meteorological forecasts
• The effects of the geographical and basis risk
• Pricing the power of the wind a.������ Introduction to wind derivatives
• Precipitation Derivatives a.������ Introduction
• Rainfall Derivatives
• Snow Derivatives
• Appendix A
• Appendix B
• Index
• References.