Modeling Risk: Applying Monte Carlo Risk Simulation, Strategic Real Options, Stochastic Forecasting, and Portfolio Optimization: Applying Monte Carlo ... Forecasting, and Portfolio Optimization + DVD - Rilegato

Mun, Johnathan

Rilegato

ISBN 10: 0470592214 ISBN 13: 9780470592212

Casa editrice: John Wiley & Sons Inc, 2010

Riassunto

"An updated guide to risk analysis and modelingAlthough risk was once seen as something that was both unpredictable and uncontrollable, the evolution of risk analysis tools and theories has changed the way we look at this important business element. In the Second Edition of Analyzing and Modeling Risk, expert Dr. Johnathan Mun provides up-to-date coverage of risk analysis as it is applied within the realms of business risk analysis and offers an intuitive feel of what risk looks like, as well as the different ways of quantifying it.This Second Edition provides professionals in all industries a more comprehensive guide on such key concepts as risk and return, the fundamentals of model building, Monte Carlo simulation, forecasting, time-series and regression analysis, optimization, real options, and more.Includes new examples, questions, and exercises as well as updates using Excel 2007Book supported by author's proprietary risk analysis software found on the companion CD-ROMOffers both a qualitative and quantitative description of riskFilled with in-depth insights and practical advice, this reliable resource covers all of the essential tools and techniques that risk managers need to successfully conduct risk analysis.Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file"--

Su questo libro

L'autore:

Johnathan Mun, MID, is the founder and CEO of Real Options Valuation, Inc., and the creator of the Real Options Super Lattice Solver software for real options valuation, Monte Carlo Risk Simulator, and multiple other analytics software tools. Prior to starting his own firm, he was the vice president of analytics at Oracle/Crystal Ball. Mun is also a full professor at the U.S. Naval Postgraduate School (California) and the University of Applied Sciences (Switzerland and Germany). He has authored numerous books as well as coauthored Mun has also taught and consulted for over 500 corporations in thirty countries worldwide and is considered a leading authority on risk analysis and real options.

Dalla seconda/terza di copertina:

We live in a world filled with risk and operate our businesses in an increasingly risky environment, as higher rewards only come with risks. Ignoring the element of risk when corporate strategy is being developed and tactical projects are being implemented is not an option.

In addressing the issue of risk, this reliable resource provides a novel view of evaluating business decisions, projects, and strategies by taking into consideration a unified strategic portfolio analytical process. Page by page, the Second Edition of Modeling Risk offers a qualitative and quantitative description of risk, as well as introduces the methods used in identifying, quantifying, applying, predicting, valuing, hedging, diversifying, and managing risk.

Divided into nine comprehensive parts, Modeling Risk, Second Edition includes many updated and new discussions, examples, exercises, and case studies. And while it's sophisticated enough for those well-versed in risk analysis, this edition is also an appropriate guide for aspiring professionals as well as individuals at the graduate level of academic study.

Besides providing you with a detailed description of such key concepts as risk and return, the fundamentals of model building, Monte Carlo simulation, forecasting, time-series and econometric analysis, optimization, and strategic real options analysis, this Second Edition contains important updates that reflect today's evolving environment, including:

• New case studies on market and credit risk as it applies to Basel II requirements, a billion-dollar negotiation case study applying risk analytics for the state of California, U.S. military applications, IT security risk analysis, and project management risk analysis

• Many new hands-on exercises for applying and modeling risk, forecasting, optimization, and business analytics

• The pitfalls of forecasting, with discussions of structural shifts, stochastic processes, nonlinearity, autocorrelation, heteroskedasticity, multicollinearity, and others

• Using stochastic optimizations, investment efficient frontiers, and superspeed simulation-optimization techniques for project selection, portfolio optimization, investment allocation, and optimal pricing

• Realistic recommendations on how to take risk analysis into a company and obtain a higher level of adoption

To help solidify your understanding of the topics discussed, Modeling Risk, Second Edition is supported by a companion DVD that contains innovative trial versions of the author's Risk Simulator and Real Options Super Lattice Solver software, as well as associated Excel spreadsheet models. The DVD also features free "getting started modeling" videos, additional case studies, and examples. With these tools at your disposal, you'll quickly discover how to quantify the risks associated with different types of business uncertainties.

By combining expert advice and in-depth business cases with cutting-edge analysis software, Modeling Risk, Second Edition will help you better understand risk and confidently apply your knowledge of it to your most important business endeavors.

Su questa edizione

• Editore: John Wiley & Sons Inc
• Data di pubblicazione: 2010
• ISBN 10: 0470592214
• ISBN 13: 9780470592212
• Rilegatura: Copertina rigida
• Numero edizione: 2
• Numero di pagine: 986