[Free read ebook] Risk Analysis: A Quantitative Guide






#1208211 in eBooks 2012-10-15 2012-10-15File Name: B00DWI6SVC

3 of 3 people found the following review helpful. In depth, detailed, andBy The RockThis book is not for the faint of heart - you should know statistics and have a very solid math background before you attempt to crack open the cover. While primarily focused on risk analysis within the finance and insurance industries, the principles outlined within can be carried across to other fields such as high-tech fraud. The probability calculations, Monte Carlo simulations, and other means of determininFrom the Inside FlapThe Ten Commandments to quantitative risk analysis Morgan and Henrion, 1990 * Do your homework with literature, experts and users * Let the problem drive the analysis * Make the analysis as simple as possible, but no simpler * Identify all significant assumptions * Be explicit aRisk Analysis concerns itself with the quantification of risk, the modeling of identified risks and how to make decisions from those models. Quantitative risk analysis (QRA) using Monte Carlo simulation offers a powerful and precise method for dealing with the uncertainty and variability of a problem. By providing the building blocks the author guides the reader through the necessary steps to produce an accurate risk analysis model and offers general and specific techniques to cope with most mo...


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