A one-stop resource for quantitative risk analysis, Practical Spreadsheet Risk Modeling for Management dispenses with the use of complex mathematics, concentrating on how powerful techniques and methods can be used correctly wi Risk analytics is developing rapidly, and analysts in the field need material that is theoretically sound as well as practical and straightforward.
A one-stop resource for quantitative risk analysis, Practical Spreadsheet Risk Modeling for Management dispenses with the use of complex mathematics, concentrating on how powerful techniques and methods can be used correctly within a spreadsheet-based environment. Highlights Covers important topics for modern risk analysis, such as frequency-severity modeling and modeling of expert opinion Keeps mathematics to a minimum while covering fairly advanced topics through the use of powerful software tools Contains an unusually diverse selection of topics, including explicit treatment of frequency-severity modeling, copulas, parameter and model uncertainty, volatility modeling in time series, Markov chains, Bayesian modeling, stochastic dominance, and extended treatment of modeling expert opinion End-of-chapter exercises span eight application areas illustrating the broad application of risk analysis tools with the use of data from real-world examples and case studies This book is written for anyone interested in conducting applied risk analysis in business, engineering, environmental planning, public policy, medicine, or virtually any field amenable to spreadsheet modeling.
The authors provide practical case studies along with detailed instruction and illustration of the features of ModelRisk, the most advanced risk modeling spreadsheet software currently available. If you intend to use spreadsheets for decision-supporting analysis, rather than merely as placeholders for numbers, then this is the resource for you.
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This book is not yet featured on Listopia. This book is an excellent tool to be used as a guide to set up and run models more complex than any statistical course you may have encountered. The book is based around excel and more particularly the excel add-in ModelRisk Vose Software , but it is useful even beyond its intent.
I used the text for a spreadsheet modeling class in a MBA program with one of the authors of the book, Dale Lehman. The book is useful in modeling, yes, but it is also quite informative on different ways to set up mod This book is an excellent tool to be used as a guide to set up and run models more complex than any statistical course you may have encountered.
The book is useful in modeling, yes, but it is also quite informative on different ways to set up modeling issues you may encounter in school or on the job.
Practical Spreadsheet Risk Modeling for Management
Half of the battle of any issue that requires modeling is in figuring out what you want the outcome to be i. The first few chapters deal with different ways to ask questions and set up spreadsheets in excel to be able to begin to answer the questions.
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Furthermore, it shows in detail ways to map out problems so you can see the outcome you are looking for and, often, put to rest questions that come to mind that are inherently less important than you may think. For me, seeing the problem in what is called an "influence chart" helps a lot in accomplishing the goals. Oil Prices Fourth Example: Home Prices and Multivariate Time Series.
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He has held positions at a dozen universities and for several telecommunications companies. He holds a B.
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He has authored numerous articles and two books on topics related to microeconomic theory, decision making under uncertainty, and public policy, particularly concerning telecommunications and natural resources. Huybert Groenendaal is a managing partner and senior risk analysis consultant at EpiX Analytics. As a consultant, he helps clients using risk analysis modeling techniques in a broad range of industries.
He also teaches a number of risk analysis training classes, gives guest lectures at a number of universities, and is adjunct professor at Colorado State University. He holds a M. The mission of the Applied Analytics Department is to promote and improve the application of analytical techniques for measuring and managing risks at Denali Alaskan as well as the greater credit union industry.
Along with Huybert, Greg is also an instructor of risk analysis courses for Statistics. Prior to Denali Alaskan he has had a varied career including work with EpiX Analytics as a risk analysis consultant for clients from numerous industries, sales engineer, application engineer, test engineer, and air traffic controller.
Practical Spreadsheet Risk Modeling for Management - CRC Press Book
Greg received a M. We provide complimentary e-inspection copies of primary textbooks to instructors considering our books for course adoption. Learn More about VitalSource Bookshelf. CPD consists of any educational activity which helps to maintain and develop knowledge, problem-solving, and technical skills with the aim to provide better health care through higher standards.
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