Practical Spreadsheet Risk Modeling for Management

Practical Spreadsheet Risk Modeling for Management is a one-stop resource for quantitative risk analysis, providing practical and straightforward techniques and methods for spreadsheet-based environments. It covers important topics such as frequency-severity modeling, expert opinion modeling, and more, with end-of-chapter exercises and an emphasis on applied risk analysis in various fields.

Format: Paperback / softback
Length: 284 pages
Publication date: 13 June 2022
Publisher: Taylor & Francis Ltd

Risk analytics is a rapidly evolving field, and analysts require comprehensive and practical resources to excel in their roles. In response to this need, Practical Spreadsheet Risk Modeling for Management emerges as a valuable one-stop resource for quantitative risk analysis. This book focuses on leveraging powerful techniques and methods within a spreadsheet-based environment, making it accessible to a wide range of professionals.

Practical Spreadsheet Risk Modeling for Management covers essential topics in modern risk analysis, including frequency-severity modeling and modeling expert opinion. By minimizing complex mathematics, the book ensures that even advanced topics are explained in a straightforward and user-friendly manner. The authors employ powerful software tools to facilitate learning, allowing readers to grasp complex concepts with ease.

One of the book's unique strengths is its diverse range of topics. It delves into explicit 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. This comprehensive coverage ensures that readers have a solid foundation in various risk analysis techniques.

To reinforce learning, the book includes end-of-chapter exercises spanning eight application areas. These exercises utilize data from real-world examples and case studies, allowing readers to apply the learned concepts in practical scenarios. The authors provide detailed instruction and illustration of the features of ModelRisk®, the most advanced risk modeling spreadsheet software currently available.

Whether you are a business professional, engineer, environmental planner, public policy analyst, medical practitioner, or any other field where spreadsheet modeling can be applied, Practical Spreadsheet Risk Modeling for Management is an invaluable resource. It offers practical case studies, comprehensive instruction, and detailed illustrations, empowering readers to conduct effective risk analysis and make informed decisions. By embracing the power of spreadsheets for decision-supporting analysis, this book empowers professionals to navigate the complexities of risk management with confidence and proficiency.

Dimension: 234 x 156 (mm)
ISBN-13: 9781032340272