Senin, 27 Februari 2012

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Start-Up Nation: The Story of Israel's Economic Miracle, by Dan Senor,Dan Senor,Saul Singer, Saul Singer

A fascinating expert look at Israel’s meteoric rise in the global economy — with timely hints for a world reeling from financial crisis

Start-Up Nation addresses the trillion-dollar question: How is it that Israel — a country of 7.1 million, surrounded by enemies, in a constant state of war, with no natural resources — produces more start-up companies than large, peaceful nations like Canada, Japan, China, India, and the U.K.? With the savvy of foreign policy insiders, Senor and Singer examine Israeli culture and government to reveal the secrets behind the world’s first ever “start-up nation.” As countries across the globe restart their own economies, and as businesses try to re-energize their entrepreneurial spirit, we can all look to Israel for some impressive, surprising clues.


From the Hardcover edition.

  • Sales Rank: #3096695 in Books
  • Brand: Brand: Twelve
  • Published on: 2011-09-07
  • Original language: English
  • Number of items: 1
  • Dimensions: 4.37" h x 1.18" w x 6.89" l, .40 pounds
  • Binding: Paperback
Features
  • Used Book in Good Condition

From Publishers Weekly
Hampered by an Arab nation boycott that makes regional trade impossible and endowed with precious little by way of natural resources, Israel has beaten the odds to become a major player in the global business world, especially in the technology sector. With the highest number of startups per capita of any nation in the world and massive venture capital investment, Israel is one of the world's entrepreneurship hubs. Senor, senior fellow at the Council on Foreign Relations, and Singer (Confronting Jihad) track Israel's economic prowess using a number of factors, including the social networks and leadership training provided by Israel's mandatory military and reserve service, a culture of critique fostered by centuries of Jewish tradition and an open immigration policy for Jews that continually restocks Israel's population with motivated people from around the world—all of which foster a business climate in which risk is embraced and good ideas are given a chance to grow. The authors ground their analysis in case studies and interviews with some of Israel's most brilliant innovators to make this a rich and insightful read not just for business leaders and policy makers but for anyone curious about contemporary Israeli culture. (Nov.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review
"A rich and insightful read not just for business leaders but for anyone curious about contemporary Israeli culture."
— Publishers Weekly

"Engrossing. . . . [it] provides a window of hope for so many suffering locales around the world: Israel has thrived not despite its obstacles but because of them; maybe other places can too." 
— Forbes.com

"Compelling and satisfying . . . filled with eye-opening revelations and shot through with rich examples, explanations and analysis." 
— Barron's

"Vivid stories of entrepreneurial success. . . . [A] fine book." 
— Wall Street Journal

"Start-Up Nation is a playbook for every CEO who wants to develop the next generation of corporate leaders." 
— Tom Brokaw, NBC News


From the Hardcover edition.

About the Author
Dan Senor has served as a foreign policy adviser to the U.S. government, and has written extensively about the Middle East for publications including the Wall Street Journal and the New York Times. Senor has lived and studied in Canada, and now lives in New York.

Saul Singer is the editorial page editor for the Jerusalem Post. William Kristol wrote: “No one else. . . has written regularly about Israel in recent years with more unapologetic honesty, and with more unselfconscious moral clarity, than Singer.” Singer lives in Jerusalem.


From the Hardcover edition.

Most helpful customer reviews

0 of 0 people found the following review helpful.
A brilliant analysis of Israel's economic miracle.
By John V. Baumgold
A trenchant analysis of Israel's economic miracle. Particularly innovative and creative is their exposition of the role of nicknames in contemporary Israeli culture. We have "Bibi" (Netanyahu), "Bu`zi" Hertzog, "Raful" (Rafael Eitan) "Bayge" (Shochat) and "Gandi" (Zeevy); not to mention "Teddy" (Koleck) "Golda" (Meyerson) and of course "B-G" (Ben-Gurion).
Israel is the land of endless informality where people go to weddings wearing jeans the parliament passed a by law forbidding its members from appearing at parliamentary sessions in short pants. They said nothing about wearing sandals. These nicknames (which are an integral part of Israeli culture) lend an air of easy acquaintance, contact and availability - everybody knows everybody. Senor and Singer argue that this norm of nicknames enables information in organizations to go from the "bottom" to the "top" and not exclusively from "top" to "bottom". This enables crucial information to get to the decision makers and correction of policy based on information from members of the organization who are at the front lines. In more formal organizational structures this pattern of information going from the "bottom" to the "top" is seen as whistleblowing, "bucking the system" and insubordination.

0 of 0 people found the following review helpful.
Panegyric but engrossing
By yusuf
Startup Nation reveals aspects about Israel's economy, zeitgeist and history in an interwoven manner that is quite engrossing. It underlines the same formula which has worked in Silicon Valley i.e. Academic excellence plus risk taking plus Government contracts or funding. But the role of the Israeli military in tech entrepreneurship is quite unique and surprising because normally the strong hierarchical structure and risk aversion of militaries is considered at loggerheads with an entrepreneurial mindset. The Israeli defence forces apparently encourage continual change and challenge if not iconoclasm, which suits innovation. The book also serves as a hortatory promotion of the state of Israel, it's ethos, raisin d'ĂȘtre, and policies, which is unabashedly biased; that does not detract however from the often fascinating and hopefully important and useful insights.

0 of 0 people found the following review helpful.
How Israel Started a VC Industry
By J. Milanette
This is an excellent description of the motivations for establishing a finance industry in Israel and how it affected the growth of new companies in the country. It is well documented, gives excellent insight into the development of a venture industry, Israel's national business incubator program, and integration of the military and business communities into a highly interdependent community. It's well written and holds one's attention throughout.

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Minggu, 26 Februari 2012

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Unlocking Land Law (Unlocking Series), by Judith Bray

Land Law is an essential element of all law degrees. UNLOCKING LAND LAW will ensure that you grasp the main concepts with ease, providing you with an indispensable foundation in the subject. This fourth edition is fully up to date with the latest changes in the law and includes discussion of:

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  • Sales Rank: #3496206 in Books
  • Published on: 2014-07-09
  • Original language: English
  • Number of items: 1
  • Dimensions: .90" h x 7.40" w x 9.60" l, .0 pounds
  • Binding: Paperback
  • 508 pages

About the Author

Judith Bray is Professor of Law at the University of Buckingham. She has taught Property Law for many years and written a number of books including Key Facts Key Cases Land Law. She is also a qualified barrister.

Series editors: Jacqueline Martin LLM has over ten years’ experience as a practising barrister and has taught law at all levels. Chris Turner LLM is Senior Lecturer in Law at Wolverhampton University and has taught law at all levels.

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0 of 0 people found the following review helpful.
Five Stars
By NinaC
Clear and precise, very helpful for law students.

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Kamis, 23 Februari 2012

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  • Published on: 1705
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Minggu, 19 Februari 2012

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Festus and his cat Mercury come up with elaborate methods to protect their garden from chickens, pigs, and cows.

  • Sales Rank: #1662832 in Books
  • Published on: 1991-08
  • Original language: English
  • Number of items: 1
  • Dimensions: 12.00" h x 9.00" w x .75" l,
  • Binding: Library Binding
  • 1 pages

From School Library Journal
Grade 1-3-- Spring has sprung, so two old friends are off to the garden--Festus with carrots, potatoes, peas, and beans to plant and his kinetic cat Mercury with a meatball ("How do you know they won't grow if you haven't tried them?"). Unfortunately, the newly dug garden suddenly becomes, in succession, a hunting ground for the chickens, an attractive wallow for a wandering pig, and a place to hang out for stray cattle. Rousting them out takes some ingenuity, a commodity that Festus and his pal have in abundance. The cartoon illustrations for this madcap tale are littered with small, sly details, from curtains and other homey touches in the hen roost, to scattered, unidentifiable peanut-sized onlookers. Lively, energetic fun. --John Peters, New York Public Library
Copyright 1991 Reed Business Information, Inc.

Language Notes
Text: English (translation)
Original Language: Swedish

Most helpful customer reviews

0 of 1 people found the following review helpful.
Great book
By Dana Wooten
This is a really great book. Very entertaining. Good for kids and adults alike. I highly recommend it, but I believe it's out of print.

0 of 0 people found the following review helpful.
Wonderful and Imaginative Book for everyone's enjoyment
By A Rabid Reader
This book is a beautifully drawn, well written story that everyone can enjoy. The pictures are fun, and free-flowing with lots of add-ins that children and adults like to find. The story is well written and does have a point, which is always nice in a children's book. The basic idea of this book is for Festus to plant his potato garden, the trouble he has, whom is to really blame and how to get out of the festuring problems. His cat Mercury gives it a light-hearted merry feel.

The reason this book and the rest of the series are hard to find is because is was published through a self-pulishing firm. That means he paid to have it printed. I would highly recommend it to parents, I do feel that the continuing enjoyment my son (4.5) gets from them and that I still enjoy reading them, is worth the price (at least the ones priced around $30.00).

On a side note, if you are a fan of Bill Peet, you will enjoy this series, while not being similar necessarily in style or story-telling, the essence of work is.

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Fundamentals of Structural Dynamics, by Roy R. Craig, Andrew J. Kurdila

From theory and fundamentals to the latest advances in computational and experimental modal analysis, this is the definitive, updated reference on structural dynamics.

This edition updates Professor Craig's classic introduction to structural dynamics, which has been an invaluable resource for practicing engineers and a textbook for undergraduate and graduate courses in vibrations and/or structural dynamics. Along with comprehensive coverage of structural dynamics fundamentals, finite-element-based computational methods, and dynamic testing methods, this Second Edition includes new and expanded coverage of computational methods, as well as introductions to more advanced topics, including experimental modal analysis and "active structures." With a systematic approach, it presents solution techniques that apply to various engineering disciplines. It discusses single degree-of-freedom (SDOF) systems, multiple degrees-of-freedom (MDOF) systems, and continuous systems in depth; and includes numeric evaluation of modes and frequency of MDOF systems; direct integration methods for dynamic response of SDOF systems and MDOF systems; and component mode synthesis.

Numerous illustrative examples help engineers apply the techniques and methods to challenges they face in the real world. MATLAB(r) is extensively used throughout the book, and many of the .m-files are made available on the book's Web site. Fundamentals of Structural Dynamics, Second Edition is an indispensable reference and "refresher course" for engineering professionals; and a textbook for seniors or graduate students in mechanical engineering, civil engineering, engineering mechanics, or aerospace engineering.

  • Sales Rank: #902315 in eBooks
  • Published on: 2011-08-15
  • Released on: 2011-08-15
  • Format: Kindle eBook

From the Back Cover
From theory and fundamentals to the latest advances in computational and experimental modal analysis, this is the definitive, updated reference on structural dynamics.

This edition updates Professor Craig's classic introduction to structural dynamics, which has been an invaluable resource for practicing engineers and a textbook for undergraduate and graduate courses in vibrations and/or structural dynamics. Along with comprehensive coverage of structural dynamics fundamentals, finite-element–based computational methods, and dynamic testing methods, this Second Edition includes new and expanded coverage of computational methods, as well as introductions to more advanced topics, including experimental modal analysis and "active structures." With a systematic approach, it presents solution techniques that apply to various engineering disciplines. It discusses single degree-of-freedom (SDOF) systems, multiple degrees-of-freedom (MDOF) systems, and continuous systems in depth; and includes numeric evaluation of modes and frequency of MDOF systems; direct integration methods for dynamic response of SDOF systems and MDOF systems; and component mode synthesis.

Numerous illustrative examples help engineers apply the techniques and methods to challenges they face in the real world. MATLAB® is extensively used throughout the book, and many of the .m-files are made available on the book's Web site. Fundamentals of Structural Dynamics, Second Edition is an indispensable reference and "refresher course" for engineering professionals; and a textbook for seniors or graduate students in mechanical engineering, civil engineering, engineering mechanics, or aerospace engineering.

About the Author
ROY R. CRAIG JR., PHD, is Professor Emeritus of Aerospace Engineering and Engineering Mechanics at The University of Texas at Austin. He has received numerous teaching awards and has worked in industry at Boeing, NASA, and Exxon Production Research Corporation, among others.

ANDREW J. KURDILA, PHD, is the W. Martin Johnson Professor of Mechanical Engineering at the Virginia Polytechnic Institute and State University. His current research focuses on structural dynamics, dynamic systems theory, control theory, and computational mechanics.

Most helpful customer reviews

9 of 9 people found the following review helpful.
Great Buy
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This book is easy to read and provides a lot of useful examples. The concepts that are harder to grasp have in depth examples that clarify the process. The problems provided at the end of each chapter are a good mixture of applicable and conceptual. This is a great book for understanding vibrations as a whole.

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Not my favorite
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I am having a hard time getting into this book.

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1 of 1 people found the following review helpful.
the print quality is poor
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The content of the book is excellent, but the print quality is poor. I'm disappointed with the quality of the printing of the book, some pages uncut and I are some pictures and graphics are blurry. The book looks like a photocopy.

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The Guide to California Government is a thorough, nonpartisan, easy-to-read book for navigating the often complicated process for voting and engaging with our state government. This 15th edition of the guide provides essential information for every citizen or future citizen of California.

  • Sales Rank: #476749 in Books
  • Brand: Brand: League of Women Voters of California Education Fund
  • Published on: 2013-10-09
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.00" h x .59" w x 6.00" l, .78 pounds
  • Binding: Paperback
  • 260 pages
Features
  • Used Book in Good Condition

About the Author
The League of Women Voters, a nonpartisan political organization, encourages informed and active participation in government, works to increase understanding of major public policy issues, and influences public policy through education and advocacy. The League of Women Voters of California is the organization where hands-on work to safeguard democracy leads to civic improvement.

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Real-world solutions for Cisco IOS® Mobile IP configuration, troubleshooting, and management

  • Understand the concept of mobility and the requirements of mobility protocols
  • Learn necessary components of a Mobile IP network, including features, functions, and message flows
  • Examine security concepts related to Mobile IP, including protocol authentication and dynamic keying
  • Evaluate high availability solutions and integration with AAA servers in campus networks
  • Explore the features of metro mobility, including reverse tunneling, firewall, NAT traversal, and integration with VPN technologies
  • Configure IOS Mobile IP networks, including integration topics such as redundancy, QoS, and VPN
  • Manage the Mobile IP infrastructure, including Home Address management, scalability considerations, and network management
  • Take a look at the future of Mobile IP, including Layer 2 integration challenges, Mobile IPv6, unstructured mobility, and mobile ad-hoc networking

Two of the world’s most powerful technology trends, the Internet and mobile communications, are redefining how and when people access information. With the majority of information and new services being deployed over IP, the use of devices such as cellular phones, PDAs, and laptops for accessing data networks is pushing the need for “always on” IP connectivity. The evolution of mobile computing points to a coming together of the best of desktop computing and cellular communications—the predictability and "always connected" experience of the desktop combined with the ease of use and mobility of the cell phone.

 

One challenge to mobile data communication is moving data across different networks. The solution to this problem is a standards-based protocol: Mobile IP. Mobile IP is an open standard that allows users to keep the same IP address, stay connected, and maintain ongoing applications while roaming between IP networks.

 

Mobile IP Technology and Applications is the first book to address the practical application of Mobile IP in real-world environments. Cisco IOS® Mobile IP configuration, troubleshooting, and management are covered in depth and supported by real-world examples. Mobility solutions addressed in this book include enterprise campus wireless LANs and metropolitan mobility for both individual devices and whole networks. Each example is designed to teach configuration, management, and troubleshooting in a manner that is directly applicable to common mobility needs.

 

Whether you are looking for an introduction to IP mobility or detailed examples of Mobile IP technology in action, Mobile IP Technology and Applications is your complete resource for reaping the benefits that secure, reliable mobile communications have to offer.

 

"IP Mobility provides the capability not only for me to connect to the world at large, but for it to find and connect to me."

—Fred Baker, Cisco Fellow, Cisco Systems, Inc.

 

This book is part of the Cisco Press® Networking Technology Series, which offers networking professionals valuable information for constructing efficient networks, understanding emerging technologies, and building successful networking careers.

  • Sales Rank: #2610934 in eBooks
  • Published on: 2013-06-05
  • Released on: 2013-06-05
  • Format: Kindle eBook

About the Author

Stefan Raab joined Cisco Systems in January 2001 from Nextel Communications as a technical leader and deployment engineer for the IP Mobility Group, IOS Technologies Division (ITD). He has more than nine years of experience with IP mobility deployments and is an expert on real-life applications of the technology.

Madhavi W. Chandra, Ph.D., joined Cisco Systems in May 2000 as a Software Engineer for the IP Mobility Group. Madhavi is instrumental in designing advanced technologies in IOS mobility involving features for Mobile IP and Mobile Ad Hoc Networks, in which she is one of the lead architects. She earned her Ph.D degree in Electrical and Computer Engineering from The Johns Hopkins University.

 

Most helpful customer reviews

3 of 3 people found the following review helpful.
Mobile IP theory
By Bugs76
My approach to this book has been dictated from curiosity for this new technology more than for the implementation side of it. Mobile IP is a field where I have very little knowledge of this technology and needed to gain some background on it. My point of view will therefore ignore the configuration examples used in the book.

The authors did a great job in writing the book in a very simple English and using an informal style, which helps the reading by not making the text too tedious.

The first couple of chapters gave me a good overview of the basic principles of Mobile IP. The illustrations used in the book are very helpful to better explain the concepts described in the text. Some were a little too confusing because of all the acronyms and several times I had to give a quick glance at the pictures to resume myself the situation. The third chapter goes on with security issues that come back in almost all of the rest of the book. The fourth chapter goes in detail on how to set up a lab environment to apply the concepts explained in the rest of the book.

The following chapters show some basic case studies of mobile IP applications: Campus Mobility, Metro Mobility and Cisco Mobile Networks. These chapters require a good knowledge of tunneling, VPNs, routing and wireless concepts.

The last two chapters were more interesting for me as chapter 8 talked about scalability of the mobile IP solutions and the differences between different forms of IP addressing. The last part of the chapter shows some basic troubleshooting techniques. Chapter 9 called "A look ahead" is very valuable because it describes the various techniques discussed to bring the mobile IP technology to meet the IPv6 standard and what the idea of Cisco is in this area.

The book is thought as a companion book for studying and has the usual end-of-chapter questions that help the reader to check his understanding of the last things learned. The answers given in the Appendix A to all the questions are very explicative and help to review the entire concepts seen in the book.

A good book that has given me the basic understanding of the theory of Mobile IP. I suggest it both for those who want to have a look at Mobile IP and also to those who want a deeper understanding of the topic. A real-world case study would have given this book a top class touch.

1 of 1 people found the following review helpful.
Mobility vs. Nomadicity
By Penny Jakes
Mobile IP Technology and Applications (ISBN 158705132x) is an introduction to IP mobility using an open-standard protocol called Mobile IP. There is a distinction made between true mobility and just "traveling" between different connections. This protocol enables users to keep their IP, stay connected, and allow others to find them while roaming between networks and equipment. In addition, detailed examples using real-world situations illustrate the applications of this technology. Advanced topics include reverse tunneling, firewalls, NAT, VPNs, authentication, scalability, and QoS.

Stefan Raab and Madhavi W. Chandra, authors, share their experience designing and developing network solutions using Mobile IP. Their credentials are impressive and give the learner confidence in the information they are imparting.

This book is designed for network administrators who are familiar with IP routing, protocols, applications, and Cisco IOS. Even though the real-world situations are generic, the configuration, troubleshooting, and management are explained using Cisco IOS. IT personnel who want to implement mobile technology can definitely benefit from this book as it explains the basics thoroughly before giving detailed examples and explanations. The index is complete; there is not a glossary. At the end of each chapter are review questions, so this book could easily be used in a classroom or in self-study. There are two appendices: one contains the answers to the chapter questions and the other contains the SNMP (Simple Network Management Protocol) MIB (Management Information Base) objects supported by Cisco IOS Mobile IP.

Raab and Chandra organized their book into nine chapters, each of which is a facet of Mobile IP. After an introduction of concepts and requirements of mobility and wireless networking, a detailed discussion of the Mobile IP protocol includes features, functions, and components. As with any network today, there are security concerns with protocol authentication and dynamic keying. The material presented in these early chapters is used in the scenarios in following chapters.

Mobility solution examples are provided for basic topologies, client-based Mobile IP, high availability, AAA servers, reverse tunneling, firewall and NAT traversal, and integration with VPN technologies. Basic configuration is introduced which leads into integration topics of redundancy, QoS, and VPN. The management and operation discussion leads to Home Address, scalability, and server management.

Future trends and uses for Mobile IP conclude the topics of this book: layer 2 integration challenges, Mobile IPv6, unstructured mobility, and ad hoc networking.

This book follows the linear, logical model of textbook organization that progresses from basic facts, to advanced topics, and concludes with end-to-end solutions. The authors feel that this book also enables someone to jump in at any chapter and navigate the subject by features and environment in which they are interested. They have created cross-references to assist readers who do not want to use the book in linear form. This works well for users with previous knowledge of the subject.

The examples, figures, and illustrations are clear, concise, and designed to help learners understand a complex subject. Cisco IOS knowledge is prerequisite, although the authors' expertise and explanations give logic behind implementation and options.

This book deserves a rating of 5 (highest) and is recommended for IT personnel wanting to move into true "mobility."

1 of 1 people found the following review helpful.
Peter L.
By Old Engineer
Good book, strong coverage of Mobile IP. I definitely recommend this book to someone who is interested in Mobile IP basics, or who is planning to deploy a mobile IP solution. The authors build from the basics quite well. The first couple chapters effectively present the basics of Mobile IP. As should be expected, a basic routing knowledge is assumed on the part of the reader. This is certainly appropriate for a topic such as mobile IP. The background on wireless technologies provides enough detail to support the subsequent discussion, but does not become a pure tutorial on wireless infrastructure. The illustrations and examples are straightforward, and add value to the discussion.

The organization of the chapters allows the experienced reader to skip forward to an appropriate chapter. The discussion on the lab configuration is particularly helpful. It saves much of the time we often spend defining the lab environment to be practical and yet reflect enough of the real world to be useful. The evolution to larger, real world class environments is certainly of value. The insight to actual deployment of a solution helps to bring lab data into context. The examples and considerations in the latter part of the book, chapters 5-8, address many of the issues actual deployments may encounter. The ability to address as many of these issues during planning, instead of discovering them during the initial deployment certainly can make enabling a mobile solution less challenging.

Chapter 9 was of specific interest because we have a pending migration to IPv6. Any amount of insight into IPv6 world is of value.

On the negative side, the title is slightly misleading; the "Applications" referred to in the title is the application of mobile IP, vice applications that run over mobile IP. The subtitle is to the point "Real-world solutions for Mobile IP configuration and management."

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Book by Prima Publishing

  • Sales Rank: #4134310 in Books
  • Brand: Brand: Prima Publishing
  • Model: 9780307892119
  • Platform: No Operating System
  • Original language: English
  • Number of items: 15
  • Dimensions: 10.83" h x .59" w x 8.27" l,
  • Binding: Paperback
Features
  • Used Book in Good Condition

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Fun to read!
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This guide covers everything. Not only that, but it's just fun to read. Highly recommend purchasing, even if you just want to just read a good story before naptime!

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Selasa, 07 Februari 2012

[I887.Ebook] Free Ebook The False Prophet Azazel, by John of the Gentiles

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The Biblical book of Revelations speaks of a mysterious figure known as the False Prophet. He is a fallen angel; he shall deceive many. But you need not be deceived...

  • Sales Rank: #4748849 in Books
  • Published on: 2010-12-31
  • Original language: English
  • Dimensions: 9.00" h x .71" w x 6.00" l,
  • Binding: Paperback
  • 312 pages

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Sabtu, 04 Februari 2012

[F886.Ebook] PDF Ebook The Validation of Risk Models: A Handbook for Practitioners (Applied Quantitative Finance), by S. Scandizzo

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This book is a one-stop-shop reference for risk management practitioners involved in the validation of risk models. It is a comprehensive manual about the tools, techniques and processes to be followed, focused on all the models that are relevant in the capital requirements and supervisory review of large international banks.

  • Sales Rank: #1154167 in Books
  • Published on: 2016-04-20
  • Released on: 2016-04-20
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.30" h x .90" w x 6.10" l, .0 pounds
  • Binding: Hardcover
  • 242 pages

Review

“A book that sheds a required and well-timed light on the perpetual debate, inside any organisation, between risk validation of model, models for risk validation and model risk.  The tools and techniques proposed are valid not only for practitioners working within regulated entities but for all the risk managers in search of a guide into the model validation’s definition and best practices.” (Cosimo Pacciani, Chief Risk Officer, European Stability Mechanism)

“This book is a very useful reference for professionals and ought to be a core text book for every professional in charge of risk models or their validation. It is well written and explains the nature of model risks in finance, introduces a framework for risk model validation and provides further illustrations for specific type of risks and risk measurement approaches. A distinctive feature of this book is its focus on practical challenges most practitioners may have already come across together with a sound reference to finance theory. There is no book I am aware of that covers risk model validation in that practical and comprehensive manner.” (Sven Muehlenbrock, Partner, Head of Risk Advisory, KPMG Luxembourg)

From the Back Cover
The practice of quantitative risk management has reached unprecedented levels of sophistication. The pricing, the assessment of risk as well as the computation of the capital requirements for highly complex transactions are performed through equally complex mathematical models, running on sophisticated computer systems, developed and operated by dedicated, highly qualified specialists. With this sophistication, however, come risks that are unpredictable, globally challenging and difficult to manage. Model risk is a prime example of these and precisely the kind of risk that those tasked with managing financial institutions as well as those overseeing the soundness and stability of the financial system should worry about.

This book starts with setting the problem of the validation of risk models within the context of banking governance and proposes a comprehensive methodological framework for the assessment of models against compliance, qualitative and quantitative benchmarks. It provides a comprehensive guide to the tools and techniques required for the qualitative and quantitative validation of the key categories of risk models and introduces a practical methodology for the measurement of the resulting model risk and its translation into prudent adjustments to capital requirements and other estimates.

About the Author
Sergio Scandizzo is the Head of Model Validation at the European Investment Bank (EIB) in Luxembourg. He is the author of Risk and Governance: A Framework for Banking Organisations; The Operational Risk Manager's Guide, now in its second edition, and of Validation and Use Test in AMA. He is Associate Editor of The Journal of Operational Risk and has published several journal papers on fuzzy logic, genetic algorithms and risk management.

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