<abstract xmlns="http://www.w3.org/1999/xhtml"><p>In the article the author considers and analyzes operations and functions on risk variables. She takes into account the following variables: the sum of risk variables, its product, multiplication by a constant, division, maximum, minimum and median of a sum of random variables. She receives the formulas for probability distribution and basic distribution parameters. She conducts the analysis for dependent and independent random variables. She proposes the examples of the situations in the economy and production management of risk modelled by these operations. The analysis is conducted with the way of mathematical proving. Some of the formulas presented are taken from the literature but others are the permanent results of the author.</p></abstract>

In the article the author considers and analyzes operations and functions on risk variables. She takes into account the following variables: the sum of risk variables, its product, multiplication by a constant, division, maximum, minimum and median of a sum of random variables. She receives the formulas for probability distribution and basic distribution parameters. She conducts the analysis for dependent and independent random variables. She proposes the examples of the situations in the economy and production management of risk modelled by these operations. The analysis is conducted with the way of mathematical proving. Some of the formulas presented are taken from the literature but others are the permanent results of the author.

Operations on Risk Variables

Adam Mickiewicz University in Poznań, Faculty of Law and Administration, Chair of Economic Sciences, Św. Marcin 90, 61-713 Poznań, Poland

Folia Oeconomica Stetinensia

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Operations on Risk Variables"}

In the article the author considers and analyzes operations and functions on risk variables. She takes into account the following variables: the sum of risk...

Operations on Risk Variables

Publicado en línea: 30 abr 2016

Páginas: 42 - 52

Recibido: 19 abr 2015

Aceptado: 22 nov 2015

DOI: https://doi.org/10.1515/foli-2015-0034

Palabras clave
risk variables, operations, risk measurement, risk management

© 2015 University of Szczecin

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Operations on Risk Variables

Publicado en línea: 30 abr 2016

Páginas: 42 - 52

Recibido: 19 abr 2015

Aceptado: 22 nov 2015

DOI: https://doi.org/10.1515/foli-2015-0034

Palabras claverisk variables, operations, risk measurement, risk management

© 2015 University of Szczecin

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Palabras clave
risk variables, operations, risk measurement, risk management