IMPORTANCE SAMPLING IN THE PRESENCE OF PD-LGD CORRELATION

Importance Sampling in the Presence of PD-LGD Correlation

This paper seeks to identify computationally efficient importance sampling (IS) algorithms for estimating large deviation probabilities for the loss on a portfolio of loans.Related literature typically assumes that realised losses on defaulted loans can be predicted with certainty, i.e., that loss given default (LGD) is non-random.In practice, howe

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Review of laser powder bed fusion (LPBF) fabricated Ti-6Al-4V: process, post-process treatment, microstructure, and property

Laser powder bed fusion (LPBF) is a timely important additive manufacturing technique that offers many opportunities for wella color charm 050 cooling violet fabricating three-dimensional complex shaped components at a high resolution with short lead times.This technique has been extensively employed in manufacturing Ti-6Al-4V parts for aerospace a

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