Bilateral Contracting in Multi-agent Energy Markets: Forward Contracts and Risk Management

2015 ◽  
pp. 260-269 ◽  
Author(s):  
Hugo Algarvio ◽  
Fernando Lopes ◽  
João Santana
Keyword(s):  
Risk Management ◽  
Energy Markets ◽  
Forward Contracts ◽  
Multi Agent

Enhanced risk management by an emerging multi-agent architecture

2014 ◽  
Vol 26 (3) ◽  
pp. 245-259 ◽  
Author(s):  
Sin-Jin Lin ◽  
Ming-Fu Hsu
Keyword(s):  
Risk Management ◽  
Agent Architecture ◽  
Multi Agent

Price risk management using forward contracts: the case of farmers in Pakistan

2018 ◽  
Vol 9 (3) ◽  
pp. 241 ◽  
Author(s):  
Shahab E. Saqib ◽  
John K.M. Kuwornu ◽  
Ubaid Ali ◽  
Sanaullah Panezai ◽  
Irfan Ahmad Rana
Keyword(s):  
Risk Management ◽  
Price Risk ◽  
Forward Contracts ◽  
Price Risk Management

A Multi-Agent-Based Research on Tourism Supply Chain Risk Management

2014 ◽  
Vol 13 (03) ◽  
pp. 133-153 ◽  
Author(s):  
Luo Biao ◽  
Wan Liang ◽  
Liang Liang
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Tourism Industry ◽  
Limiting Factors ◽  
Supply Chain Risk Management ◽  
Agent Based ◽  
Research Perspective ◽  
Multi Agent ◽  
High Level ◽  
Tourism Supply Chain

The high level of complexity of tourism supply chain and the inherent risks that exist in the demand and supply of resources are viewed as major limiting factors in achieving high level performance. Though emerging literature on risk management in tourism industry or its equivalent exists, progress in this area is uneven, as most research focuses on this problem from the traditional single business risk management perspective, without considering the entire range of different suppliers involved in the provision and consumption of tourism products. This study applies risk management theory to a new research perspective, which is tourism supply chain management (SCM). This paper develops a framework for the design of a multi-agent-based decision support system (DSS) based on multi-agent theory and technique, in order to manage disruptions and mitigate risks in tourism supply chain.

scholarly journals Games Ready to Use: A Serious Game for Teaching Natural Risk Management

2018 ◽  
Vol 49 (4) ◽  
pp. 441-470 ◽  
Author(s):  
Franck Taillandier ◽  
Carole Adam
Keyword(s):  
Risk Management ◽  
Engineering Students ◽  
Well Being ◽  
Serious Game ◽  
Natural Risk ◽  
Agent Based ◽  
Traditional Course ◽  
Multi Agent ◽  
The University ◽  
Future Work

Background.Risk management, and in particular the management of natural hazards and territorial risks has become an essential skill for civil engineers. Teaching risk management to engineering students is therefore crucial, but is also challenging: it looks too abstract to students, and practical works are complex and expensive to organise. It also involves interconnected mechanisms coupling human and technical aspects, that are difficult to explain. Aim. The challenge is then to propose a serious game able to support the teaching of territorial risk management to engineering students. As part of their curriculum, these students are expected to learn various concepts and notions: territorial risk, vulnerability of a territory, resilience, risk perception, multi-criteria analysis and balanced management. Method. In order to support risk management teaching, we propose SPRITE, an agent-based serious game using a concrete case study which is exemplary in terms of risk management: the coastal floods on the Oleron Island (France). SPRITE places the player (the student) in the role of a local councillor of the Oleron Island, who must ensure the safety and well-being of the island residents, while maximising performance with respect to economic and environmental issues, in a context of coastal flood risk. Results. The model is fully implemented in GAMA, an open-source multi-agent geographical simulation platform, and the game is already playable. It was used at the University of Bordeaux in a course on risk management dedicated to students in the Master of Geology and Civil Engineering. The evaluation of engagement and motivation with the game and learning from playing is very positive. Conclusions. The results from the game evaluation are encouraging. Short term future work will mainly be dedicated to pursuing this evaluation, and comparing results between students using SPRITE vs students following a more traditional course. Longer term prospects include several improvements of the model and the interface and implemented multiplayer features.

scholarly journals Risk management in the energy markets and Value-at-Risk modelling: a hybrid approach

2013 ◽  
Vol 21 (7) ◽  
pp. 548-574 ◽  
Author(s):  
Kostas Andriosopoulos ◽  
Nikos Nomikos
Keyword(s):  
At Risk ◽  
Risk Management ◽  
Value At Risk ◽  
Hybrid Approach ◽  
Energy Markets ◽  
Risk Modelling
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