Risk Modeling for Determining Value and Decision Making

Author:   Glenn Koller
Publisher:   Taylor & Francis Ltd
ISBN:  

9780367398644


Pages:   336
Publication Date:   05 September 2019
Format:   Paperback
Availability:   In Print   Availability explained
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Risk Modeling for Determining Value and Decision Making


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Overview

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

Full Product Details

Author:   Glenn Koller
Publisher:   Taylor & Francis Ltd
Imprint:   CRC Press
ISBN:  

9780367398644


ISBN 10:   0367398648
Pages:   336
Publication Date:   05 September 2019
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Introduction. Two Approaches to Solving Decision Trees-a Class-Action Suit Example. Terrorism Risk Models-Relative and Absolute Risk. Gathering Information Consistently in an Inconsistent World. New Manufacturing Facility- Business-Justification Model. Oil-Field-Development Investment-Opportunity Risk Model. Using Chance of Failure and Risk-Weighted values to Reflect the Effect of Soft Issues on the Value of an Opportunity. Production-Sharing Agreement Risk Model. Scheduling and Optimization Risk Model. Decision/Option-Selection Risk Model. Risk Process to Identify Business Drivers, Maximize Value, and Determine the Value of Potential Expenditures. Summary. Building a Consensus Model. Building a Contributing-Factor Diagram. Monte Carlo Analysis. Decisions and Distributions. Chance of Failure. Time Series Analysis and Dependence. Risk-Weighted Values and Sensitivity Analysis

Reviews

This book makes for some interesting reading and is notable for addressing important nontechnical issues related to modeling riskit provides insight into the way in which some nontechnical people think, thus offering a potential for better communication with business-oriented clients. - Technometrics, May 2001 This book is based on the original work of the author, who is a well-known specialist in the field of decision and risk analysis. The narration of the issues of concern referring to making decisions is excellent and gives the proper atmosphere of a proper discussion to address decisions of large investments or important topics. the overall practical experience of the author adds value The book is important. It brings to the potential reader a challenging way of looking into the decision-making process by using direct approaches The advantage of the book is that it addresses the decision -making process in a direct and simple manner, following patterns given by the author in the contributing-factor diagram I f one is serious about using the knowledge of decision analysis in one's practical, everyday work, this book is worth the pricethis book is worth reading and, to the extent possible, integrating in various tasks for solving decision problems facing a corporation or a person. -JASA, September 2001 An instructor should consider this book for class use, because it gives a direct approach to the decision-making process, uncertainty, and risk estimation and how to interpret such knowledge in assessing and determining the values of potential alternatives, which are not always explicitly expressed by managers, stakeholders, or decision makers. -JASA, September 2001


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Koller, Glenn

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