The Jarrow-Turnbull model is an example of a risk management methodology that integrates default and random interest rates.The earliest work in this regard was done by Robert C.Merton.

• 它是在给定的风险承受能力和约束下，为实现企业财务目标而制定、实施、监督和修正企业资产和负债的有关决策的过程。