基于Copula方法的含交易方违约的信用违约互换定价

本文讨论了含交易方违约的信用违约互换定价问题，应用无套利原理得到了模型的价格，文章采用蒙特卡洛方法对模型进行了数值模拟，讨论了模型的价格与合约期限以及公司违约相关系数的关系。     

Capacity investment decisions under risk aversion

This article studies the optimal capacity investment problem for a risk‐averse decision maker. The capacity can be either purchased or salvaged, whereas both involve a fixed cost and a proportional cost/revenue. We incorporate risk preference and use a consumption model to capture the decision maker's risk sensitivity in a multiperiod capacity investment model. We show that, in each period, capacity and consumption decisions can be separately determined. In addition, we characterize the structure of the optimal capacity strategy. When the parameters are stationary, we present certain conditions under which the optimal capacity strategy could be easily characterized by a static two‐sided (s, S) policy, whereby, the capacity is determined only at the beginning of period one, and held constant during the entire planning horizon. It is purchased up to B when the initial capacity is below b, salvaged down to Σ when it is above σ, and remains constant otherwise. Numerical tests are presented to investigate the impact of demand volatility on the optimal capacity strategy. © 2016 Wiley Periodicals, Inc. Naval Research Logistics 63: 218–235, 2016     

装备保障性风险识别与分析技术研究

为了解决目前装备在保障性方面存在的问题,给出了可操作性强而且实用的保障性风险识别与分析的技术与方法。该方法包括保障性风险区域的确定,保障性风险判断准则的建立,保障性风险的量化,保障性风险的评定等,为保障性风险管理提供了有效的方法和手段,从而为提高装备战备完好性和作战能力提供了有力支持。     

烟草生产储存火灾危险性及防火对策研究

通过分析烟草生产、储存中的火灾危险性和当前烟草生产、储存时采用的防火措施，对卷烟联合生产工房内储存物料的安全间距、厂房和仓库外搭建雨篷、消防车道和烟草仓库消防设施设计等问题进行了探讨。     

论大型客车火灾危险性及其技术防范措施

近年来,汽车火灾形势日益严峻,严重威胁着人们的生命财产安全。因此,如何对大型客车火灾进行有效地风险防范,最大限度减少人员的伤亡和财产的损失有着非常重要的现实意义。针对大型客车自身结构的特点进行研究,就如何通过技术手段提高大型客车防火性能提出看法。     

Risk,War, and the Dangers of Soldier Identity

The profession of arms is distinct from other professions for many reasons. One reason which is not so obvious is that, unlike members of other professions, soldiers may go their entire careers preparing for a day that never arrives. All things considered, we should think this to be a very good thing. For soldiers, however, this can feel somewhat odd, since there is a natural desire to want to feel useful and to see one’s role and purpose find realization. Accordingly, the common soldier is forced to adopt a rather paradoxical mindset, one of longing for peace, and therefore for uselessness, while at the same time longing to be useful, which would entail that there be a war. This latter desire to be useful and to vindicate one’s identity as a soldier can sometimes take on an unhealthy life of its own. The pull of wanting too strongly to live up to a warrior identity, I argue, can sometimes skew a soldier’s ability to assess risk rationally. This article will therefore investigate how a soldier’s concept of self influences his or her overall capacity to evaluate risk in war and when such influence might become morally problematic.     

Can security vetting be extended to include the detection of financial misconduct?

An analysis of the security vetting files of 19 employees within a South African national department who had been found guilty of financial misconduct in the last five years uncovered that the existing security vetting processes did not detect the financial misconduct of which these employees have been found guilty. This research sets out to establish whether security vetting can be extended to include the detection of financial misconduct within the department and, if so, how. Moreover, if security vetting can indeed be so extended, can it possibly enhance the management of fraud risk across all South African public sector departments? Qualitative interviews were conducted with 27 employees who are key to fraud risk management and security vetting within the researched department. During the interviews, the following five themes emerged: (1) the reasons why employees commit financial misconduct; (2) why it is not detected by the security vetting process; (3) the potential alignment of the security vetting process to facilitate the detection of financial misconduct; (4) the following through on security vetting findings; and (5) sharing these findings with the internal audit and risk management functions within state departments. These themes were probed and are reported on, establishing firstly that security vetting can indeed be extended to include the detection of financial misconduct within the researched department, and secondly that it can enhance the management of fraud risk across all South African public sector departments, given the specific mandate of the State Security Agency (SSA) and the national security vetting strategy.     

Terrorism research: should we focus on the opponent or on our own people?

In terrorism research, three different sources of information and data exist: the terrorists and their environment; the incidents; and the population. This article discusses the strengths and weaknesses of research that is concerned with, or relies on, any of the mentioned sources. An in-depth understanding of the methodological issues that come with these sources is important to correctly interpret results from scientific studies. It is highlighted how the different scientific approaches add to a holistic view of terrorism as a phenomenon. Furthermore, the double-edged sword of information in the field of terrorism is discussed. From these deliberations, guidance concerning the future work of both scholars and decision-makers can be deducted.     

边境安全风险分析系统的构建研究

提出了信息化背景下边境安全风险情报分析的基本概念及其内涵,论述了信息化背景下边境安全风险分析系统的架构和面向边境安全风险分析的信息组织方式。     

Return policy: Hassle‐free or your money‐back guarantee?

This article compares the profitability of two pervasively adopted return policies—money‐back guarantee and hassle‐free policies. In our model, a seller sells to consumers with heterogeneous valuations and hassle costs. Products are subject to quality risk, and product misfit can only be observed post‐purchase. While the hassle‐free policy is cost advantageous from the seller's viewpoint, a money‐back guarantee allows the seller to fine‐tune the consumer hassle on returning the product. Thus, when the two return policies lead to the same consumer behaviors, the hassle‐free policy dominates. Conversely, a money‐back guarantee can be more profitable even if on average, high‐valuation consumers experience a lower hassle cost than the low‐valuation ones. The optimal hassle cost can be higher when product quality gets improved; thus, it is not necessarily a perfect proxy or signal of the seller's quality. We further allow the seller to adopt a mixture of these policies, and identify the concrete operating regimes within which these return policies are optimal among more flexible policies. © 2014 Wiley Periodicals, Inc. Naval Research Logistics 61: 403–417, 2014