Fuzzy Logic Based Risk Management in Financial Intermediation

Author(s):  
Konstantin Korolev ◽  
Kai D. Leifert ◽  
Heinrich Rommelfanger
2005 ◽  
Vol 5 (6) ◽  
pp. 821-832 ◽  
Author(s):  
A. Zischg ◽  
S. Fuchs ◽  
M. Keiler ◽  
G. Meißl

Abstract. The presented approach describes a model for a rule-based expert system calculating the temporal variability of the release of wet snow avalanches, using the assumption of avalanche triggering without the loading of new snow. The knowledge base of the model is created by using investigations on the system behaviour of wet snow avalanches in the Italian Ortles Alps, and is represented by a fuzzy logic rule-base. Input parameters of the expert system are numerical and linguistic variables, measurable meteorological and topographical factors and observable characteristics of the snow cover. Output of the inference method is the quantified release disposition for wet snow avalanches. Combining topographical parameters and the spatial interpolation of the calculated release disposition a hazard index map is dynamically generated. Furthermore, the spatial and temporal variability of damage potential on roads exposed to wet snow avalanches can be quantified, expressed by the number of persons at risk. The application of the rule base to the available data in the study area generated plausible results. The study demonstrates the potential for the application of expert systems and fuzzy logic in the field of natural hazard monitoring and risk management.


Author(s):  
Emad Roghanian ◽  
Nazanin Moradinasab ◽  
Elham Nabipoor Afruzi ◽  
Rahman Soofifard

2012 ◽  
Vol 17 (32) ◽  
pp. 53-73
Author(s):  
Ricardo Salazar Garza ◽  

This paper is about developing a nonlinear model to predict the behavior of future exchange rate based on the opinion of the economic agents participating in the dollar/peso market. Such views are treated with Fuzzy Logic and a variant of it, known as the Theory of Forgotten Effects. The aim is to find a mechanism for making coverage decisions that allow us an optimal exchange rate risk management at a lower cost than that which involves operations with traditional hedging instruments. For the period of investigation and applying this model, the results support that the collective opinions of economic experts involved in the decision making risk management of exchange rate provide better results than those using traditional methods in the future markets.


2020 ◽  
Vol 12 (21) ◽  
pp. 9294
Author(s):  
Rocío Rodríguez-Rivero ◽  
Isabel Ortiz-Marcos ◽  
Javier Romero ◽  
Luis Ballesteros-Sánchez

The aim of this research is to help improve the effectiveness of international development projects (IDPs) with a focus on enhancing their success. For this purpose, this work seeks to identify links between the management of risks among five projects executed in Cauca (Colombia) and the success of these projects in terms of project management and impacts on the beneficiary communities. An analysis of these projects reveals the most critical risks encountered and the relationships between the management of those risks and the success of the projects. The use of fuzzy logic through the fuzzy-set qualitative comparative analysis (fsQCA) program is key to performing this difficult task. The results of a qualitative study reveal that the most important risks correspond to economic, cultural, and political factors. A quantitative analysis by fsQCA shows a direct relationship between the management of cultural differences and the positive impacts of IDPs on the beneficiary communities.


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