by Georg Ch Pflug (University of Vienna, Austria) & Werner Römisch (Humboldt-University Berlin, Germany)

Table of Contents (175k)
Preface (113k)
Chapter 1: Modeling Uncertain Outcomes (356k)

This book is the first in the market to treat single- and multi-period risk measures (risk functionals) in a thorough, comprehensive manner. It combines the treatment of properties of the risk measures with the related aspects of decision making under risk.

The book introduces the theory of risk measures in a mathematically sound way. It contains properties, characterizations and representations of risk functionals for single-period and multi-period activities, and also shows the embedding of such functionals in decision models and the properties of these models.

• Modeling Uncertain Outcomes
• Measuring Single-Period Risk
• Measuring Multi-Period Risk
• Single-Stage Decision Models
• Multi-Stage Decision Models for Financial Management
• Multi-Stage Decision Models for Electricity Management