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A system approach to management of catastrophic risks

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  • Ermoliev, Yuri M.
  • Ermolieva, Tatiana Y.
  • MacDonald, Gordon J.
  • Norkin, Vladimir I.
  • Amendola, Aniello

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Suggested Citation

  • Ermoliev, Yuri M. & Ermolieva, Tatiana Y. & MacDonald, Gordon J. & Norkin, Vladimir I. & Amendola, Aniello, 2000. "A system approach to management of catastrophic risks," European Journal of Operational Research, Elsevier, vol. 122(2), pages 452-460, April.
    • Handle: RePEc:eee:ejores:v:122:y:2000:i:2:p:452-460
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    References listed on IDEAS

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    1. T.Y. Ermolieva, 1997. "The Design of Optimal Insurance Decisions in the Presence of Catastrophic Risks," Working Papers ir97068, International Institute for Applied Systems Analysis.
    2. Ermoliev, Yuri M. & Norkin, Vladimir I., 1997. "On nonsmooth and discontinuous problems of stochastic systems optimization," European Journal of Operational Research, Elsevier, vol. 101(2), pages 230-244, September.
    3. Arrow, Kenneth J, 1996. "The Theory of Risk-Bearing: Small and Great Risks," Journal of Risk and Uncertainty, Springer, vol. 12(2-3), pages 103-111, May.
    4. Ogryczak, Wlodzimierz & Ruszczynski, Andrzej, 1999. "From stochastic dominance to mean-risk models: Semideviations as risk measures," European Journal of Operational Research, Elsevier, vol. 116(1), pages 33-50, July.
    5. Y.M. Ermoliev & T.Y. Ermolieva & G.J. MacDonald & V.I. Norkin, 1998. "On the Design of Catastrophic Risk Portfolios," Working Papers ir98056, International Institute for Applied Systems Analysis.
    6. T.Y. Ermolieva & Y.M. Ermoliev & V.I. Norkin, 1997. "Spatial Stochastic Model for Optimization Capacity of Insurance Networks Under Dependent Catastrophic Risks: Numerical Experiments," Working Papers ir97028, International Institute for Applied Systems Analysis.
    7. Kenneth A. Froot, 1997. "The Limited Financing of Catastrophe Risk: An Overview," NBER Working Papers 6025, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Liu, Shuang & Aurambout, Jean-Philippe & Villalta, Oscar & Edwards, Jacqueline & De Barro, Paul & Kriticos, Darren J. & Cook, David C., 2015. "A structured war-gaming framework for managing extreme risks," Ecological Economics, Elsevier, vol. 116(C), pages 369-377.
    2. Yacov Y Haimes, 2012. "Strategic Preparedness for Recovery from Catastrophic Risks to Communities and Infrastructure Systems of Systems," Risk Analysis, John Wiley & Sons, vol. 32(11), pages 1834-1845, November.
    3. Pantea Vaziri & Rachel Davidson & Linda Nozick & Mahmood Hosseini, 2010. "Resource allocation for regional earthquake risk mitigation: a case study of Tehran, Iran," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 53(3), pages 527-546, June.
    4. Mingtao Ding & Fangqiang Wei & Kaiheng Hu, 2012. "Property insurance against debris-flow disasters based on risk assessment and the principal–agent theory," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 60(3), pages 801-817, February.
    5. Truong, Chi & Trück, Stefan, 2016. "It’s not now or never: Implications of investment timing and risk aversion on climate adaptation to extreme events," European Journal of Operational Research, Elsevier, vol. 253(3), pages 856-868.
    6. Swenja Surminski, 2018. "Fit for Purpose and Fit for the Future? An Evaluation of the UK's New Flood Reinsurance Pool," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 21(1), pages 33-72, March.
    7. Yohannes Kesete & Jiazhen Peng & Yang Gao & Xiaojun Shan & Rachel A. Davidson & Linda K. Nozick & Jamie Kruse, 2014. "Modeling Insurer‐Homeowner Interactions in Managing Natural Disaster Risk," Risk Analysis, John Wiley & Sons, vol. 34(6), pages 1040-1055, June.
    8. Valente, Donatella & Miglietta, Pier Paolo & Porrini, Donatella & Pasimeni, Maria Rita & Zurlini, Giovanni & Petrosillo, Irene, 2019. "A first analysis on the need to integrate ecological aspects into financial insurance," Ecological Modelling, Elsevier, vol. 392(C), pages 117-127.

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