Objective
The project I am presenting is meant to fulfill the ideals behind a Marie Curie CIG. In fact, while it has its solid roots in the studies I have conducted so far, in my PhD thesis and during my postdoctoral research period at Bern University (CH), it also possesses all the ingredients to integrate and complement the research interests and projects of my new research “home”, TU Delft (NL).
From a scientific point of view, the project represents a clear evolution of my research interests: moving from univariate shock models to the multivariate case means entering into a new exciting field of research, where just a few pioneering works are present.
Imagine a system subject to random shocks of random magnitude that can make it fail. Such a situation can be visualized as a skyscraper receiving one or more earthquake shakes: the building may collapse because of one single large stroke, or because of the cumulative effect of several weaker shakes, each one partially damaging its foundations until implosion. Other examples may be a firm suffering liquidity problems, or simply a bar of metal stressed with different random loadings. Shock models are meant to study these phenomena.
Most of the constructions available in the literature are univariate. This means that we often consider a single-component system subject to random shocks. Most of the times, also shocks are simply assumed to be of one single type (cumulative or extreme), even if some important exceptions are to be considered, as in the case of competing risk models.
The importance of the multivariate extension is linked to the several meaningful applications that multivariate shock models may have in risk analysis, when dealing with sets of defaults and interacting risks. An electrical grid subject to voltage spikes or a financial network are good examples.
My aim is to present both parametric and nonparametric models, using tools such as copulas and interacting urn models. Economic applications are expected.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- engineering and technology electrical engineering, electronic engineering, information engineering electrical engineering power engineering electric power distribution
- social sciences economics and business economics
- natural sciences earth and related environmental sciences geology seismology
- medical and health sciences basic medicine neurology stroke
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
FP7-PEOPLE-2013-CIG
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Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
MC-CIG - Support for training and career development of researcher (CIG)
Coordinator
2628 CN DELFT
Netherlands
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.