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Author: Victor Chang

Affiliation: Leeds Metropolitan University, United Kingdom

Keyword(s): Risk Visualization as a Service (RVaaS); Black Scholes Model (BSM), 3D Visualization and analysis; Risk analysis and computation

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.

CC BY-NC-ND 4.0

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Paper citation in several formats:
Chang, V. (2014). Introduction to the Risk Visualization as a Service. In Proceedings of the International Workshop on Emerging Software as a Service and Analytics (CLOSER 2014) - ESaaSA; ISBN 978-989-758-026-0, SciTePress, pages 30-37. DOI: 10.5220/0004979200300037

@conference{esaasa14,
author={Victor Chang.},
title={Introduction to the Risk Visualization as a Service},
booktitle={Proceedings of the International Workshop on Emerging Software as a Service and Analytics (CLOSER 2014) - ESaaSA},
year={2014},
pages={30-37},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0004979200300037},
isbn={978-989-758-026-0},
}

TY - CONF

JO - Proceedings of the International Workshop on Emerging Software as a Service and Analytics (CLOSER 2014) - ESaaSA
TI - Introduction to the Risk Visualization as a Service
SN - 978-989-758-026-0
AU - Chang, V.
PY - 2014
SP - 30
EP - 37
DO - 10.5220/0004979200300037
PB - SciTePress