Scenario Logic and Probabilistic Management of Risk in by Evgueni D. Solojentsev

By Evgueni D. Solojentsev

In this quantity the methodological elements of the situation good judgment and probabilistic (LP) non-success probability administration are thought of. The theoretical bases of state of affairs non-success chance LP-management in enterprise and engineering also are said. tools and algorithms for the state of affairs hazard LP-management in difficulties of type, funding and effectiveness are defined. possibility LP- versions and result of numerical investigations for credits dangers, threat of frauds, protection portfolio probability, chance of caliber, accuracy, and danger in multi-stage platforms reliability are given. In addition, a particularly huge variety of new difficulties of estimation, research and administration of chance are thought of. software program for possibility difficulties bases on LP-methods, LP-theory, and GIE is defined too.

Audience

This quantity is meant for specialists and scientists within the region of the danger in enterprise and engineering, in difficulties of class, funding and effectiveness, and post-graduates in these topic components.

Show description

Read or Download Scenario Logic and Probabilistic Management of Risk in Business and Engineering PDF

Similar risk management books

A Short Guide to Reputation Risk (Short Guides to Risk)

There are every kind of difficulties linked to attractiveness danger. Many businesses locate that it does not healthy well inside operational hazard; others fight to allocate accountability for it or to discover methods of reporting successfully. maybe the largest challenge of all is that corporations frequently confuse popularity hazard with acceptance administration.

Policy Issues in Insurance Financial Management of Large-Scale Catastrophes (Policy Issues in Insurance)

###############################################################################################################################################################################################################################################################

The Italian Banking System: Impact of the Crisis and Future Perspectives

Why used to be the Italian Banking procedure extra resilient in the course of the sub-prime drawback and harder-hit within the sovereign obstacle? Will their energy within the retail marketplace outcome as an asset or a legal responsibility for Italian banks sooner or later? This e-book bargains an in-depth research of 1 of crucial ecu banking structures its makes an attempt to climate the situation.

FX Barrier Options: A Comprehensive Guide for Industry Quants

This ebook is a quantitative quide to barrier strategies in FX environments.

Extra info for Scenario Logic and Probabilistic Management of Risk in Business and Engineering

Example text

The volumes of such stealing go much ahead of those by house-breaking, hijacking, robberies and the usual thefts being counted in sum. Federal services estimate the common annual damage by swindle with a sum from $60 up to $200 billions. The losses due to telephone swindle in 1991 in the market were estimated in $10 billions. The Federal Trading Commission (FTC) and the American Association health insurance (AAHI) estimate in 10% the number of fraudulent accounts on health services in the field of public health services.

The cashier at counter continuously counts money received from customers. The money is handed on until 38 E. D. Solojentsev eventually a final worker in a cash desk receives it. At some point of this process, the amount of the money received is printed on a bankbook, relevant data are sent to a host computer via communication link, and the data is processed and stored in the computer. Money withdrawal follows a reverse process. Most bankers are thus doing routine jobs around the computer. Other bankers repeat routine home public relations (advertising) visits.

Chapter 3 PRINCIPLES OF RISK MANAGEMENT IN DESIGN Occurring incidents are: failures, non-successes, accidents, and catastrophes. We appreciate the risk as the non-success probability, damage and the admitted risk. Principles of risk management, which shall be considered below, at the design stage are applicable with some success for technical, economical and organizational systems. At the design stage the system project in the form of the appropriate documentation is created; problems of risk management at stages of development and operational tests are solved, the corresponding programs of tests and the monitoring system for the operation stage are developed.

Download PDF sample

Rated 4.63 of 5 – based on 31 votes