Această lucrare abordează managementul riscului ca pe un proces decizional în care cea mai bună soluţie pentru o expunere este identificată şi implementată. Un astfel de proces include cinci etape: identificarea riscului, evaluarea riscului, analiza soluţiilor pentru problema riscului,...

We develop a new approach for decision making in educational management based on the use of distance measures. We focus on the selection of a studies plan from the perspective of an academic institution. We try to develop this approach showing the benefits of establishing an ideal plan that we...

We study the induced aggregation operators. The analysis begins with a revision of some basic concepts such as the induced ordered weighted averaging (IOWA) operator and the induced ordered weighted geometric (IOWG) operator. We then analyze the problem of decision making with Dempster-Shafer...

We study a decision-maker who follows the Savage axioms. We show that if s(he) is able to take unobservable actions which influence the probabilities of outcomes then it can appear to an outsider as if his/her subjective probabilities are non-additive. Implications for multi-period decisions are...

This paper derives two new improved risk metrics LAPVaR and LAPSF. Traditional VaRDeltaNormal valuation exaggerates market and liquidity risks to the point it could be larger than the actual portfolio value. Put VaR – PVaR – as well as Put Shortfall – PSF – uses option theory to solve...

Aim: Provide a summary of the expressed views, presentations and discussions during the ISINI14 (2020) online conference. Design: Next to rather traditional but this time online presentations, the discussions not only took place by way of oral communication, but also via an online tool. The...