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Practical Spreadsheet Risk Modeling for Management,Used
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Risk analytics is developing rapidly, and analysts in the field need material that is theoretically sound as well as practical and straightforward. A onestop 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 spreadsheetbased environment.HighlightsCovers important topics for modern risk analysis, such as frequencyseverity 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 frequencyseverity modeling, copulas, parameter and model uncertainty, volatility modeling in time series, Markov chains, Bayesian modeling, stochastic dominance, and extended treatment of modeling expert opinion Endofchapter exercises span eight application areas illustrating the broad application of risk analysis tools with the use of data from realworld examples and case studiesThis 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 decisionsupporting analysis, rather than merely as placeholders for numbers, then this is the resource for you.
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