Risk Analysis: A Quantitative Guide

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Author: Author

Pages: 752

Size: 1.831,53 Kb

Publication Date: April 28,2008

Category: Econometrics



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Risk Evaluation issues itself with the quantification of risk, the modeling of recognized risks and steps to make decisions from those versions. Quantitative risk evaluation (QRA) using Monte Carlo simulation gives a robust and precise way for coping with the uncertainty and variability of a issue. An array of solved problems can be used to illustrate these methods and how they could be used together to resolve otherwise complex complications. By giving the building blocks the writer manuals the reader through the steps needed to produce a precise risk evaluation model and will be offering general and specific ways to cope with most modeling complications.


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