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Measuring Weather RiskThe Case of Winter Tourism in Austria
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Verlag der Österreichischen Akademie der Wissenschaften Austrian Academy of Sciences Press
A-1011 Wien, Dr. Ignaz Seipel-Platz 2
Tel. +43-1-515 81/DW 3420, Fax +43-1-515 81/DW 3400 https://verlag.oeaw.ac.at, e-mail: verlag@oeaw.ac.at |
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DATUM, UNTERSCHRIFT / DATE, SIGNATURE
BANK AUSTRIA CREDITANSTALT, WIEN (IBAN AT04 1100 0006 2280 0100, BIC BKAUATWW), DEUTSCHE BANK MÜNCHEN (IBAN DE16 7007 0024 0238 8270 00, BIC DEUTDEDBMUC)
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Weather affects many economic sectors, in particular sectors like agriculture, energy, construction and tourism. While this is well known to those facing losses, it is generally difficult to measure this weather risk at appropriate temporal and spatial scales and make it comparable. In this book a unique framework for assessing non-catastrophic weather risk is presented and applied to the example of the winter tourism industry in Austria. Weather risk is expressed as Value at Risk(weather), in short VaR(weather), which corresponds to the maximum loss from adverse weather conditions that is not exceeded with a given probability level over a given period of time, for example a 1 in 20 year event.
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2011,
978-3-7001-7152-2
194 Seiten, zahlreiche Farb- und SW-Abb.,
29,7x21cm, broschiert