Robust Simulation for Mega-Risks

2015-11-11 Nature

Author : Craig E. Taylor
Release : 2015-11-11
Genre : Nature
Kind : eBook
Book Rating : 135/5 ( reviews)

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Book Synopsis Robust Simulation for Mega-Risks by : Craig E. Taylor

Download or read book Robust Simulation for Mega-Risks written by Craig E. Taylor. This book was released on 2015-11-11. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces a new way of analyzing, measuring and thinking about mega-risks, a “paradigm shift” that moves from single-solutions to multiple competitive solutions and strategies. “Robust simulation” is a statistical approach that demonstrates future risk through simulation of a suite of possible answers. To arrive at this point, the book systematically walks through the historical statistical methods for evaluating risks. The first chapters deal with three theories of probability and statistics that have been dominant in the 20th century, along with key mathematical issues and dilemmas. The book then introduces “robust simulation” which solves the problem of measuring the stability of simulated losses, incorporates outliers, and simulates future risk through a suite of possible answers and stochastic modeling of unknown variables. This book discusses various analytical methods for utilizing divergent solutions in making pragmatic financial and risk-mitigation decisions. The book emphasizes the importance of flexibility and attempts to demonstrate that alternative credible approaches are helpful and required in understanding a great many phenomena.

Megaproject Risk Analysis and Simulation

2017-04-28 Business & Economics

Author : Prince Boateng
Release : 2017-04-28
Genre : Business & Economics
Kind : eBook
Book Rating : 301/5 ( reviews)

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Book Synopsis Megaproject Risk Analysis and Simulation by : Prince Boateng

Download or read book Megaproject Risk Analysis and Simulation written by Prince Boateng. This book was released on 2017-04-28. Available in PDF, EPUB and Kindle. Book excerpt: Providing new knowledge on risk analysis and simulation for megaprojects, this book is essential reading for both academics and practitioners. Its focus is on technical descriptions of a newly developed dynamic systems approach to megaproject risk analysis and simulation.

Directions in Modeling Wheat and Maize for Developing Countries

1998 Corn

Author : Jeffrey W. White
Release : 1998
Genre : Corn
Kind : eBook
Book Rating : 811/5 ( reviews)

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Book Synopsis Directions in Modeling Wheat and Maize for Developing Countries by : Jeffrey W. White

Download or read book Directions in Modeling Wheat and Maize for Developing Countries written by Jeffrey W. White. This book was released on 1998. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines crop improvement, strategic agronomy, and natural resource management research concerns central to CIMMYT¦s mission and which models can help address. Authors also discuss related issues, including model documentation and data management. Although CIMMYT has little comparative advantage in model development per se, the center has much to contribute to others' development and refinement efforts, to the availability of quality data, and to the promotion of models and training in their use, and active participation in these areas will ultimately result in better models for CIMMYT's own aims.