scholarly journals Monte Carlo risk management

2006 ◽  
Author(s):  
M. Di Pierro ◽  
A. Nandy
Keyword(s):  
Risk Management ◽  
Monte Carlo

scholarly journals An integrated inverse adaptive neural fuzzy system with Monte-Carlo sampling method for operational risk management

2018 ◽  
Vol 98 ◽  
pp. 11-26 ◽  
Author(s):  
Alejandro Peña ◽  
Isis Bonet ◽  
Christian Lochmuller ◽  
Francisco Chiclana ◽  
Mario Góngora
Keyword(s):  
Risk Management ◽  
Monte Carlo ◽  
Fuzzy System ◽  
Sampling Method ◽  
Operational Risk ◽  
Monte Carlo Sampling ◽  
Operational Risk Management ◽  
Neural Fuzzy

On Using Monte Carlo Simulations for Project Risk Management

2016 ◽  
pp. 150-173
Author(s):  
Cristiana Tudor ◽  
Maria Tudor
Keyword(s):  
Monte Carlo Simulation ◽  
Risk Management ◽  
Monte Carlo ◽  
Decision Makers ◽  
Project Schedule ◽  
Project Risk ◽  
Monte Carlo Simulation Technique ◽  
Basic Probability ◽  
The Cost

This chapter covers the essentials of using the Monte Carlo Simulation technique (MSC) for project schedule and cost risk analysis. It offers a description of the steps involved in performing a Monte Carlo simulation and provides the basic probability and statistical concepts that MSC is based on. Further, a simple practical spreadsheet example goes through the steps presented before to show how MCS can be used in practice to assess the cost and duration risk of a project and ultimately to enable decision makers to improve the quality of their judgments.

scholarly journals Some Results on Measures of Interaction between Paired Risks

Risks ◽  
2018 ◽  
Vol 6 (3) ◽  
pp. 88 ◽  
Author(s):  
Rui Fang ◽  
Xiaohu Li
Keyword(s):  
Monte Carlo Simulation ◽  
Risk Management ◽  
Monte Carlo ◽  
Risk Measures ◽  
Dependence Structure ◽  
Marginal Distributions ◽  
Numerical Examples ◽  
Risk Contribution ◽  
Actuarial Risk

Co-risk measures and risk contribution measures have been introduced to evaluate the degree of interaction between paired risks in actuarial risk management. This paper attempts to study the ordering behavior of measures on interaction between paired risks. For various co-risk measures and risk contribution measures, we investigate how the marginal distributions and the dependence structure impact on the level of interaction between paired risks. Also, several numerical examples based on Monte Carlo simulation are presented to illustrate the main findings.

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