Risk Modeling for Determining Value and Decision Making Review

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(More customer reviews)Great text if you have the basic knowledge of decision tecnology. I suggest the another glen's book for an introduction and this one for a further reading.
Excellent book. Practical.

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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 author's 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 book's 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.com for more information!

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