Title :
A Coherent Risk Measure of the Intellectual Property Risk Based on Entropy
Author :
Ying, He ; Hua, Huang Rui ; Hong, Ren Su
Author_Institution :
Sch. of Manage., Xi´´an Jiaotong Univ.
Abstract :
In this paper, based on the entropy which is used as a measure of the uncertainty, a risk measure of the intellectual property risk is constructed via using the coherent risk measure of finance risk for reference. To construct the intellectual property risk measure, we define the intellectual property risk as a risk composed of three elements, namely uncertainty, variance and loss. The risk measure constructed in this paper is proved to be able to reflect the people´s perception of intellectual property risk and is a coherent risk measure
Keywords :
financial management; industrial property; risk management; coherent risk measure; entropy; finance risk theory; intellectual property risk; Asia; Entropy; Finance; Financial management; Intellectual property; Loss measurement; Measurement uncertainty; Portfolios; Reactive power; Risk management; Coherent risk measure; Entropy; Intellectual property risk;
Conference_Titel :
Management Science and Engineering, 2006. ICMSE '06. 2006 International Conference on
Conference_Location :
Lille
Print_ISBN :
7-5603-2355-3
DOI :
10.1109/ICMSE.2006.314074