{"product_id":"business-risk-and-simulation-modelling-in-practice-using-excel-vba-and-risk-hardcover-1","title":"Business Risk and Simulation Modelling in Practice: Using Excel, VBA and @Risk - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eMichael Rees\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe complete guide to the principles and practice of risk quantification for business applications.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e \u003c\/b\u003eThe assessment and quantification of risk provide an indispensable part of robust decision-making; to be effective, many professionals need a firm grasp of both the fundamental concepts and of the tools of the trade. \u003ci\u003eBusiness Risk and Simulation Modelling in Practice\u003c\/i\u003e is a comprehensive, in-depth, and practical guide that aims to help business risk managers, modelling analysts and general management to understand, conduct and use quantitative risk assessment and uncertainty modelling in their own situations. Key content areas include: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eDetailed descriptions of risk assessment processes, their objectives and uses, possible approaches to risk quantification, and their associated decision-benefits and organisational challenges.\u003c\/li\u003e \u003cli\u003ePrinciples and techniques in the design of risk models, including the similarities and differences with traditional financial models, and the enhancements that risk modelling can provide.\u003c\/li\u003e \u003cli\u003eIn depth coverage of the principles and concepts in simulation methods, the statistical measurement of risk, the use and selection of probability distributions, the creation of dependency relationships, the alignment of risk modelling activities with general risk assessment processes, and a range of Excel modelling techniques.\u003c\/li\u003e \u003cli\u003eThe implementation of simulation techniques using both Excel\/VBA macros and the @RISK Excel add-in. Each platform may be appropriate depending on the context, whereas the core modelling concepts and risk assessment contexts are largely the same in each case. Some additional features and key benefits of using @RISK are also covered.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e \u003ci\u003eBusiness Risk and Simulation Modelling in Practice\u003c\/i\u003e reflects the author′s many years in training and consultancy in these areas. It provides clear and complete guidance, enhanced with an expert perspective. It uses approximately one hundred practical and real-life models to demonstrate all key concepts and techniques; these are accessible on the companion website.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThousands of professionals have already gained a mastery of the fundamental concepts and latest tools of the trade from the training methods in \u003ci\u003eBusiness Risk and Simulation Modelling in Practice\u003c\/i\u003e--now it's your turn to bring game-changing insight to your organisation's boardroom. \u003c\/p\u003e\u003cp\u003eWhether you're looking at budgeting, forecasting, corporate finance valuation, portfolio composition and optimisation, or cash flow analysis, this practical guide shows you the best ways to approach risk assessment and the most efficient techniques to analyse and present the hard data that business leaders need to make profitable decisions. Business planners and financial analysts receive guidance to risk modelling that is grounded in real-life solutions and that includes advice on how to overcome the challenges of instilling a more risk-aware culture in organisations with established processes and incentives. Rigorous, yet highly accessible coverage uses non-mathematical material to provide you with: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eThe key principles of simulation methods and the relationships between simulation and other modelling techniques such as sensitivity, scenario, and optimisation analysis.\u003c\/li\u003e \u003cli\u003eThe core aspects of risk-model design, including important similarities and differences to traditional static modelling, alignment with general risk assessment process, and integration into existing models.\u003c\/li\u003e \u003cli\u003eA discussion of more than 20 distributions, along with their uses and processes, as well as frameworks for selecting the proper ones, and methods to create random samples using Excel macros created with Visual Basic Applications (VBA).\u003c\/li\u003e \u003cli\u003eExcel template models for running simulations, creating versatile ways to store and analyseresults, generating correlated random numbers and increasing simulation speed.\u003c\/li\u003e \u003cli\u003eA discussion of the benefits of Palisade's @RISK Excel add-in, including its sophisticated and flexible graphics capabilities; tools for rapidly building, testing, and modifying models; a larger set of available distributions and parameters; and greater capability to control simulation and random number selection.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhile Palisade's @RISK add-in is used to demonstrate some key techniques, most coverage is software independent. This versatile book provides the tools to build a vast number of simulations in Excel, with VBA or @RISK. \u003c\/p\u003e\u003cp\u003eBe prepared for every possible outcome with \u003ci\u003eBusiness Risk and Simulation Modelling in Practice\u003c\/i\u003e.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThousands of professionals have already gained a mastery of the fundamental concepts and latest tools of the trade from the training methods in \u003ci\u003eBusiness Risk and Simulation Modelling in Practice\u003c\/i\u003e--now it's your turn to bring game-changing insight to your organisation's boardroom. \u003c\/p\u003e\u003cp\u003eWhether you're looking at budgeting, forecasting, corporate finance valuation, portfolio co position and optimisation, or cash flow analysis, this practical guide shows you the best ways to approach risk assessment and the most efficient techniques to analyse and present the hard data that business leaders need to make profitable decisions. Business planners and financial analysts receive guidance to risk modelling that is grounded in real-life solutions and that includes advice on how to overcome the challenges of instilling a more risk-aware culture in organisations with established processes and incentives. Rigorous, yet highly accessible coverage uses non-mathematical material to provide you with: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eThe key principles of simulation methods and the relationships between simulation and other modelling techniques such as sensitivity, scenario, and optimisation analysis.\u003c\/li\u003e \u003cli\u003eThe core aspects of risk-model design, including important similarities and differences to traditional static modelling, alignment with general risk assessment process, and integration into existing models.\u003c\/li\u003e \u003cli\u003eA discussion of more than 20 distributions, along with their uses and processes, as well as frameworks for selecting the proper ones, and methods to create random samples using Excel macros created with Visual Basic Applications (VBA).\u003c\/li\u003e \u003cli\u003eExcel template models for running simulations, creating versatile ways to store and analyse results, generating correlated random numbers and increasing simulation speed.\u003c\/li\u003e \u003cli\u003eA discussion of the benefits of Palisade's @RISK Excel add-in, including its sophisticated an flexible graphics capabilities; tools for rapidly building, testing, and modifying models; a larger set of available distributions and parameters; and greater capability to control simulation and random number selection.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhile Palisade's @RISK add-in is used to demonstrate some key techniques, most coverage is software independent. This versatile book provides the tools to build a vast number of simulations in Excel, with VBA or @RISK. \u003c\/p\u003e\u003cp\u003eBe prepared for every possible outcome with \u003ci\u003eBusiness Risk and Simulation Modelling in Practice\u003c\/i\u003e.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eMICHAEL REES\u003c\/b\u003e is an independent consultant and trainer for financial modelling. He works for a wide range of clients, including major corporations, private equity firms, fund managers, strategy consultants and risk management consultants.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 464\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.2 x 9.7 x 6.5 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e September 21, 2015\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":47201764606201,"sku":"9781118904053","price":151.2,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0789\/2782\/3097\/files\/YnlFMWt1Y1B1LzNuZXhVb3Ftczl2Zz09_3ab89750-1ca2-4ef4-bca3-7d398c3fa65c.webp?v=1767986893","url":"https:\/\/bookscloud.io\/products\/business-risk-and-simulation-modelling-in-practice-using-excel-vba-and-risk-hardcover-1","provider":"BooksCloud Book Dropshipping","version":"1.0","type":"link"}