Operational Risk Management: A Stochastic Control Framework with Preventive and Corrective Controls

• Yuqian Xu

  Yuqian Xu

  [email protected]

  https://orcid.org/0000-0003-3085-005X

  Gies College of Business, University of Illinois at Urbana–Champaign, Champaign, Illinois 61820;

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• Lingjiong Zhu

  Corresponding Author

  Lingjiong Zhu

  [email protected]

  https://orcid.org/0000-0001-7595-160X

  Department of Mathematics, Florida State University, Tallahassee, Florida 32306;

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• Michael Pinedo

  Corresponding Author

  Michael Pinedo

  [email protected]

  https://orcid.org/0000-0001-5733-0412

  Stern Business School, New York University, New York, New York 10012

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