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Introduction to the Risk Visualization as a Service

Introduction to the Risk Visualization as a Service
Introduction to the Risk Visualization as a Service
This paper introduces the Risk Visualization as a Service (RVaaS) and presents the motivation, rationale, methodology, Cloud APIs used, operations and examples of using RVaaS. Risks can be calculated within seconds and presented in the form of Visualization to ensure that unexploited areas are exposed. RVaaS operates in two phases. The first phase includes the risk modeling in Black Scholes Model (BSM), creating 3D Visualization and Analysis. The second phase consists of calculating key derivatives such as Delta and Theta for financial modeling. Risk presented in visualization allow the potential investors and stakeholders to keep track of the status of risk with regard to time, prices and volatility. Results in experiments show that RVaaS can perform up to 500,000 simulations and complete all simulations within 22 seconds. RVaaS provides a structured way to deploy low cost, high quality risk assessment and support real-time calculations.
Risk Visualization as a Service, Black Scholes Model, high-performing risk analysis
Chang, Victor
a7c75287-b649-4a63-a26c-6af6f26525a4
Chang, Victor
a7c75287-b649-4a63-a26c-6af6f26525a4

Chang, Victor (2014) Introduction to the Risk Visualization as a Service. The first international workshop on Emerging Software as a Service and Analytics, Barcelona, Spain. 03 - 05 Apr 2014.

Record type: Conference or Workshop Item (Paper)

Abstract

This paper introduces the Risk Visualization as a Service (RVaaS) and presents the motivation, rationale, methodology, Cloud APIs used, operations and examples of using RVaaS. Risks can be calculated within seconds and presented in the form of Visualization to ensure that unexploited areas are exposed. RVaaS operates in two phases. The first phase includes the risk modeling in Black Scholes Model (BSM), creating 3D Visualization and Analysis. The second phase consists of calculating key derivatives such as Delta and Theta for financial modeling. Risk presented in visualization allow the potential investors and stakeholders to keep track of the status of risk with regard to time, prices and volatility. Results in experiments show that RVaaS can perform up to 500,000 simulations and complete all simulations within 22 seconds. RVaaS provides a structured way to deploy low cost, high quality risk assessment and support real-time calculations.

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More information

Published date: 4 April 2014
Venue - Dates: The first international workshop on Emerging Software as a Service and Analytics, Barcelona, Spain, 2014-04-03 - 2014-04-05
Keywords: Risk Visualization as a Service, Black Scholes Model, high-performing risk analysis
Organisations: Electronics & Computer Science, Electronic & Software Systems

Identifiers

Local EPrints ID: 362529
URI: http://eprints.soton.ac.uk/id/eprint/362529
PURE UUID: 6e69c626-a1bc-4f11-bf39-66a978623282

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Date deposited: 25 Feb 2014 13:39
Last modified: 14 Mar 2024 16:09

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Contributors

Author: Victor Chang

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