Full Professor of Mathematics Applied to Economics and Finance at the University of Milano Bicocca since 2000. Previous academic positions include Research assistantship at the University of Bergamo and Associate Professorship at the University of Brescia. She has got a Laurea in Mathematics at the University of Milan (Italy). She has been Visiting fellow at the New York University (1980) and Loyola University of Chicago (1988-1989) and invited to numerous international Institutions and Universities in Poland, The Netherlands, Spain, United States, Argentina, Cuba, Finland, Kazakhstan. Teaching activity includes Mathematical finance, Operation Research, Advanced Calculus, Linear Programming and applications. She is currently Coordinator of the Summer School (GEM) Green Energy Management, (www.gem.unimib.it), now at its sixth edition with students from more than 25 Countries. She is affiliated to national and international scientific networks, among which IFORS (International Federation of Operations Research Societies), EWCGFM (Euro Working Group in Commodities and Financial Modelling). Since 1985 local and national coordinator of projects financed by the Italian National Research Council and European Community. She has been scientific consultant for financial and energy institutions. She has been Associate Editor of the European Journal of Finance and reviewer of A rated journals. She has been nominated Member (Italian representative) of COST Committee of Actions TU1305 and TD1321. Her main research activities include Energy and environmental markets (modelling optimal production and hedging strategies in commodity and energy markets: Environmental markets and EUA allowances; financial contracts for climate change), Complex systems and applications.
This paper proposes temperature-based risk management using hybrid financial instruments built on weather derivatives.