Gleda Kutrolli obtained her BA and MA in Mathematics and Computer Science at University of Tirana, Tirana, Albania. For 6 years she has been a Quantitative Financial Analyst and a lecturer of Statistics and Actuarial Mathematics at University of Tirana, Albania. She is currently in her first year of her PhD in Mathematical Finance studies at University of Milano-Bicocca. Her research interests focus on: Statistics and Quantitative Financial Analysis: Statistical models, numerical technics, optimization methods, pricing derivatives, risk measures and hedging strategies in financial world; Innovative Technology in Finance and Energy markets; Modelling and hedging strategies in commodity and energy markets.
This paper proposes temperature-based risk management using hybrid financial instruments built on weather derivatives.