Techniques and Simulation Models in Risk Management
In the present paper, the scientific approach of the research starts from the theoretical framework of the simulation concept and then continues in the setting of the practical reality, thus providing simulation models for a broad range of inherent risks specific to any organization and simulation of those models, using the informatics instrument @Risk (Palisade). The reason behind this research lies in the need for simulation models that will allow the person in charge with decision taking inside the field of risk management to adopt new corporate strategies which will answer their current needs. The results of the research are represented by two simulation models specific to risk management. The first model follows the net profit simulation as well as simulating the impact that could be generated by a series of inherent risk factors such as losing some important colleagues, a drop in selling prices, a drop in sales volume, retrofitting, and so on. The second simulation model is associated to the IT field, through the analysis of 10 informatics threats, in order to evaluate the potential financial loss.
Volume (Year): 15 (2012)
Issue (Month): 2 (December)
|Contact details of provider:|| Postal: |
Web page: http://www.management.ase.ro/Email:
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:rom:econmn:v:15:y:2012:i:2:p:354-362. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ciocoiu Nadia Carmen)
If references are entirely missing, you can add them using this form.