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.