Risk Assessment and Decision Making in Business and Industry

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A01=Glenn Koller
Ab Ilit
Abject Failure
advanced risk assessment methods for industry
analysis
Author_Glenn Koller
Bi Lity
Business Unit Personnel
Can
carlo
Category=PB
contributing
Contributing Factor Diagram
corporate risk modeling
cumulative
Cumulative Frequency
Cumulative Frequency Curve
Cumulative Frequency Plot
diagram
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
factor
failure probability estimation
frequency
Frequency Plot
fS Uc
HRD
model
monte
MONTE CARLO
Monte Carlo Analysis
Monte Carlo Iterations
NPV Distribution
Pe Rc
plot
portfolio management strategies
probabilistic decision theory
quantitative uncertainty analysis
Raton
Risk Assessment
Risk Assessment Model
Risk Process
Ro Ba
sensitivity analysis techniques
Time Series Analysis
Uncertainty Process
X-axis Values

Product details

  • ISBN 9781584884774
  • Weight: 810g
  • Dimensions: 156 x 234mm
  • Publication Date: 30 Mar 2005
  • Publisher: Taylor & Francis Inc
  • Publication City/Country: US
  • Product Form: Hardback
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Building upon the technical and organizational groundwork presented in the first edition, Risk Assessment and Decision Making in Business and Industry: A Practical Guide, Second Edition addresses the many aspects of risk/uncertainty (R/U) process implementation.

This comprehensive volume covers four broad aspects of R/U: general concepts, implementation processes, technical aspects, and examples of application. Each section provides practical guidance, combining technical information with advice on how to implement R/U techniques and processes in real-world corporate environments. Following an examination of general principles involved in quantitatively assessing risks and their impact on value, the book describes the two main probabilistic measures of project value - Expected Value of Success (EVS) and the Expected Value for the Portfolio (EVP). The text clearly demonstrates how these metrics are used in individual-project and portfolio management.

By presenting concepts in layman's terms and fully integrating advice related to technical and human characteristics of R/U-related corporate life, this book serves as a complete primer for professionals in any business environment.


What's New in the Second Edition:

  • Provides guidance for implementation of R/U processes in modern corporations
  • Offers a crucial breakthrough by defining the terms "risk" and "uncertainty" in ways that can be applied in all aspects of science and business
  • Explores real-world impediments to process change and implementation
  • Addresses R/U from a corporate decision-maker's perspective, detailing how to employ R/U to set budgets, manage portfolios, value investments, and execute other critical tasks
  • Koller, Glenn

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