Originally published in 1977. The book provides a bridging gap between quantitative theories imbedded in the systems approach and managerial decision-making over time and under risk.

Financial risk management has become a popular practice amongst financial institutions to protect against the adverse effects of uncertainty caused by fluctuations in interest rates, exchange rates, commodity prices, and…

Theoretically, financial risks models are models of a real and a financial uncertainty , based on both common and private information and economic theories defining the rules that financial markets…