Risk Assessment and Decision Making in Business and Industry - Glenn Koller

Risk Assessment and Decision Making in Business and Industry

A Practical Guide, Second Edition

(Autor)

Buch | Hardcover
350 Seiten
2005 | 2nd edition
Chapman & Hall/CRC (Verlag)
978-1-58488-477-4 (ISBN)
129,95 inkl. MwSt
Addresses the many aspects of risk/uncertainty process implementation. This work covers four broad aspects of R/U: general concepts; implementation processes; technical aspects; and examples of application. It describes the two main probabilistic measures of project value: Expected Value of Success and the Expected Value for the Portfolio.
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

About Risk and uncertainty. Risk assessment: General characteristics and benefits. Risk assessment - A process. The perception from within - why this can be so darn hard to implement. Consistency - the key to a risk process. Communication. Building a consensus model. Building a contributing factor diagram. Education - critical at three levels. Risk assessment technologies. Monte Carlo analysis. Decisions and distributions. Chance of failure. Time-Series analysis and dependence. Risk-Weighted values and sensitivity analysis. What companies really want to do. Risk assessment examples.

Erscheint lt. Verlag 30.3.2005
Zusatzinfo 10 Tables, black and white; 168 Illustrations, black and white
Sprache englisch
Maße 156 x 234 mm
Gewicht 810 g
Themenwelt Mathematik / Informatik Mathematik
ISBN-10 1-58488-477-0 / 1584884770
ISBN-13 978-1-58488-477-4 / 9781584884774
Zustand Neuware
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