Financial advisers frequently use Monte Carlo analys`is to demonstrate the resiliency of a financial plan. These simulations produce a score that is useful in securing a client's confidence in their ...

A recent report, “Risky Business: The Economic Risks of Climate Change in the United States,” co-chaired by Michael R. Bloomberg, Henry Paulson and Tom Steyer, suggests that “by 2050 between $66 ...

Uncertainty and risk are issues that virtually every business analyst must deal with, sooner or later. The consequences of not properly estimating and dealing with risk can be devastating. There’s a ...

Many industries - reinsurance finance and commercial development, for example - rely on risk analysis technology that utilize Monte Carlo simulation. To bail down the likelihood of success ot failure ...

Due to robust growth in the global demand for refined products, refiners often face the tough decision of whether to spend significantly to accelerate expansion projects or stick to existing time ...

Financial support for this research came from ATLAS Center. The news reporters obtained a quote from the research from Texas A&M University, "To simplify the process, the Highway Safety Manual (HSM) ...

Accurate assessment of the portfolio loss distribution is of great practical importance in portfolio risk measurement, active portfolio management and structured credit trading. Whether it be in ...