Business Risk and Simulation Modelling in Practice: Using Excel, VBA and @RISK
A Complete Package of Risk Quantification Principles and Best Practices
Business Risk and Simulation Modelling in Practice is the authoritative guide to building risk simulation models for the real-world. Using the techniques and examples contained in the book business risk managers, modelling analysts, and senior leadership can gain an in-depth understanding of risk and simulation modelling and effectively apply that knowledge to carry out essential and advanced quantitative risk assessment and uncertainty modelling in their own organisations.
Step-by-step guidance demonstrates how to build powerful models in Excel using VBA macros and then opens up a richer range of models built more quickly, flexibly, and transparently using Palisade's @RISK add-in. Written to jumpstart you from apprentice to expert practitioner, the results-based training program includes a companion website with convenient resources, including one hundred worked examples and coded Excel spreadsheets. When you're finished, you will:
- Understand the fundamental concepts and practices of risk analysis and modelling.
- Master Excel, VBA, and @RISK for dependency and correlation modelling.
- Know which distribution fits specific scenarios, and how to use it appropriately.
- Be experienced working with a variety of models employing complex concepts.
Ensure that you make the right decisions for your business unit and firm with Business Risk and Simulation Modelling in Practice.