Risk Analysis: A Quantitative Guide
Editorial Reviews
Book Description
Risk Analysis A Quantitative Guide Risk and uncertainty are key features of most business and government problems and need to be understood for rational decisions to be made. This book concerns itself with the quantification of risk, the modelling of identified risks and how to make decisions from those models. Following on from the success of the previous edition of this clearly written and highly regarded book, this edition is extensively revised and updated and will provide an invaluable practical guide for beginners and experienced practitioners alike. 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 modelling problems. A wide range of solved problems is used to illustrate these techniques and how they can be used together to solve otherwise complex problems. Reviews of the first edition "It identifies the various facets of risk analysis and provides a valuable reference to the concepts and techniques employed." Project, 1997 "It clearly explains many essential aspects of quantitative risk analysis . provides valuable techniques and sound professional advice." Journal of Behavioral Decision Making, Vol. 12, 1999 "The book offers a powerful method for dealing with risk and uncertainty." Zentralblatt für Mathematik, Band 908, 1999
Book Info
The aim of this book is to guide the reader through the necessary steps to producing an accurate risk analysis model. Covers probability theory and statistics, probability distributions, and offers various techniques for modeling dependencies and the effect they have on results of a risk analysis. DLC: Monte Carlo Method.
--This text refers to an out of print or unavailable edition of this title.
Risk Analysis: A Quantitative Guide
Risk Analysis: A Quantitative Guide,David Vose,John Wiley & Sons,047199765X,Business & Economics,Business/Economics,Decision Making & Problem Solving,Entrepreneurship,General,Industrial Risk Analysis (Engineering),Management - General,Mathematical models,Monte Carlo method,Probabilities,Quality Control,Risk assessment,Sociology,Business & Economics / Management Science,Management decision making,Mathematical modelling,Probability & statistics
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