Proceedings of the Conference of Transdisciplinary Federation of Science and Technology
The 3rd Conference of Transdisciplinary Federation of Science and Technology
Session ID : 1C1-4
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Valuation of prediction
Case of weather business field
*Yuji Yamada
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CONFERENCE PROCEEDINGS FREE ACCESS

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Abstract

In this article, we explain the role of prediction for weather risk management and discuss the connection with wind power energy businesses. We introduce weather derivatives to hedge the loss caused by prediction errors for power output based on the prediction error for the wind condition.

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© 2009 Transdisciplinary Federation of Science and Technology
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