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Risk Modeling for Determining Value and Decision Making Glenn Koller

Risk Modeling for Determining Value and Decision Making

Glenn Koller

Published January 10th 2010
ISBN : 9781280644931
ebook
321 pages
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 About the Book 

Risk or uncertainty assessments are used as aids to decision making in nearly every aspect of business, education, and government. As a follow-up to the authors bestselling Risk Assessment and Decision Making in Business and Industry: A PracticalMoreRisk or uncertainty assessments are used as aids to decision making in nearly every aspect of business, education, and government. As a follow-up to the authors bestselling Risk Assessment and Decision Making in Business and Industry: A Practical Guide, Risk Modeling for Determining Value and Decision Making presents comprehensive examples of risk/uncertainty analyses from a broad range of applications. Decision/option selection ManufacturingEnvironmental assessmentPricingIdentification of business drivers Production sharingInsurance Scheduling and optimizationInvesting SecurityLawEmphasizing value as the focus of risk assessment, this book offers discussions on how to make decisions using each risk model and what insights the model can provide. The presentation of each model also includes computer code that encapsulates its logic and direction on how to apply the model to other types of problems.The author devotes a chapter to techniques for consistently collecting data in an inconsistent world and offers another chapter on how to reflect the effect of soft issues in the value of an opportunity.- The books final chapters delineate the techniques and technologies used to perform risk/uncertainty analyses, including sections on distribution, Monte Carlo process, dependence, sensitivity analysis, time series analysis, and chance of failure.Visit RiskSupport.