2006 | OriginalPaper | Buchkapitel
Risk Measurement Methods
verfasst von : Stefano Fiorenzani
Erschienen in: Quantitative Methods for Electricity Trading and Risk Management
Verlag: Palgrave Macmillan UK
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
Market risk is a complex subject with multiple dimensions and implications for electricity business activity. Analytical risk measures such as traditional Greek measures or high-order and cross-sensitivities allow us to control in detail market risk, but sometimes these analytical risk measures are too technical to be understood by non-technical staff or by management. Hence, it is necessary to make a synthesis of the information contained in analytical measures into a more intelligible form. The natural way of creating such a type of risk measure is of course that of assessing the impact of risky events in monetary terms, because non-technical people are also capable of understanding the meaning of a potential monetary (or economic) loss.