期刊
MATHEMATICS AND COMPUTERS IN SIMULATION
卷 79, 期 4, 页码 917-924出版社
ELSEVIER SCIENCE BV
DOI: 10.1016/j.matcom.2008.02.004
关键词
Catastrophic risks; Discounting; Stochastic optimization
Traditional discounting dramatically affects the outcome of catastrophic risk management and spatio-temporal vulnerability modeling. The misperception of discount rates produces inadequate evaluations of risk management strategies, which may provoke catastrophes and significantly contribute to the increasing vulnerability of our society.. This paper analyses the implication of potential catastrophic events on the choice of discounting. In particular, it shows the necessity of using proposed equivalent undiscounted stopping time criterion and Monte Carlo based stochastic optimization procedures. (C) 2008 IMACS. Published by Elsevier B.V. All rights reserved.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据