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Managing Bank Risk: An Introduction to Broad-Base Credit Engineering
Morton Glantz Manufacturer: Academic Press ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0122857852 |
Book Description
Featuring new credit engineering tools, Managing Bank Risk combines innovative analytic methods with traditional credit management processes. Professor Glantz provides print and electronic risk-measuring tools that ensure credits are made in accordance with bank policy and regulatory requirements, giving bankers with the data necessary for judging asset quality and value. The book's two sections, "New Approaches to Fundamental Analysis" and "Credit Administration," show readers ways to assimilate new tools, such as credit derivatives, cash flow computer modeling, distress prediction and workout, interactive risk rating models, and probabilistic default screening, with well-known controls. By following the guidelines of the Basel Committee on Banking Supervision, Managing Bank Risk offers useful models, programs, and documents essential for creating a sound credit risk environment, credit granting processes, and appropriate administrative and monitoring controls.Customer Reviews:
Best book on the topic.......2004-04-15
Extraordinary.......2003-01-14
Incredible! Leading Resource to Understand Bank Risk.......2003-01-09
BEST IN CLASS.......2003-01-02
Bank Risks.......2002-12-30
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Probability Methods for Cost Uncertainty Analysis : A Systems Engineering Perspective
Paul R. Garvey Manufacturer: CRC ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0824789660 |
Book Description
A careful blend of theory and practice, this book presents a comprehensive approach to assessing the impact of unplanned events on the cost of engineering complex systems. It illustrates how probability theory is applied to model, measure, and manage risk in the cost of a systems engineering project. The book contains numerous mathematical and professional anecdotes, case studies, results, observations, and interpretations that clarify the challenges in cost risk analysis. It includes references, equations, and illustrations, provides theoretical and applied exercises, and uses examples and case discussions derived from systems engineering projects to describe key concepts.
Customer Reviews:
Best technical book written yet, on this subject.......2003-12-12
A Must Book for Engineers and Engineering Managers!.......2000-07-08
The book provides readers a clear discussion on the nature of uncertainty, how it affects the cost of a systems engineering project, and how probability methods are used to model, measure, and control risk from a systems engineering perspective. Readers benefit from the numerous mathematical and professional anecdotes, case discussions, results, observations, and interpretations found throughout the chapters.
The book contains 110 applied and theoretical exercises. It is an outstanding text for students in engineering and the related fields.
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Project Risk Management: Processes, Techniques and Insights
Chris Chapman , and Stephen Ward Manufacturer: Wiley ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0470853557 |
Book Description
Based on sound conceptual foundations yet developed to meet practical concerns, Project Risk Management has become recognized as a standard work on its subject. It sets out the key issues and concepts involved in effective risk and uncertainty management in a clear and accessible way, providing a comprehensive discussion of risk management processes set firmly in the context of the project management task as a whole and focused on improving performance. The Second Edition has been extensively revised and updated to meet the new challenges of the field, and offers methodologies and techniques that are applicable to all kinds and all sizes of project.Customer Reviews:
Heavy on process and insight; light on technique.......2001-09-13
Another feature is the risk management processes provided can be used for either project or product management because of the fine granularity of the project life cycle used - instead of the typical 6-stage Requirements, Design, Build, Test, Implement and Operate stages the authors use an 8-stage project life cycle that begins with conception and includes post-planning allocation and post-delivery review milestones. Moreover, the typical risk management cycle of Identify, Analyze and Quantify, Prioritize and Manage is expanded into a much more detailed cycle that includes focusing, clarifying ownership issues, and scenario analysis. In particular, the scenario analysis sub process is an excellent approach and allows you to go well beyond the typical expected monetary value and probability x impact types of analyses.
The authors assume that you have a good grounding in both probability and fundamental quantitative analysis techniques, and while both probability and a variety of techniques are used as examples they are only superficially explained. The best part of the book, though, is the large number of insights imparted through cases and real-life situations. These are thought-provoking, but require careful reading (especially for American readers who may not be used to the norms of the British vernacular).
If you are interested in a mature project or product risk management process and have some background in risk management this is a five-star book that absolutely should be in your library.
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Quantitative Risk Analysis: A Guide to Monte Carlo Simulation Modelling
David Vose Manufacturer: John Wiley & Sons Ltd (Import) ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0471958034 |
Book Description
Risk Analysis A Quantitative Guide Risk and uncertainty are key features of most business and government problems and need to be understood for rational decisions to be made. This book concerns itself with the quantification of risk, the modelling of identified risks and how to make decisions from those models. Following on from the success of the previous edition of this clearly written and highly regarded book, this edition is extensively revised and updated and will provide an invaluable practical guide for beginners and experienced practitioners alike. Quantitative risk analysis (QRA) using Monte Carlo simulation offers a powerful and precise method for dealing with the uncertainty and variability of a problem. By providing the building blocks the author guides the reader through the necessary steps to produce an accurate risk analysis model and offers general and specific techniques to cope with most modelling problems. A wide range of solved problems is used to illustrate these techniques and how they can be used together to solve otherwise complex problems. Reviews of the first edition "It identifies the various facets of risk analysis and provides a valuable reference to the concepts and techniques employed." Project, 1997 "It clearly explains many essential aspects of quantitative risk analysis . provides valuable techniques and sound professional advice." Journal of Behavioral Decision Making, Vol. 12, 1999 "The book offers a powerful method for dealing with risk and uncertainty." Zentralblatt für Mathematik, Band 908, 1999Customer Reviews:
Risk Analysis.......2006-05-24
Best Book for Quantitative Risk Analysis.......2004-04-25
1st edition more useful to a practitioner than the 2nd.......2003-10-18
Rigouros, clear and practical.......2003-04-20
Risk Analysis: A Quantitative Guide.......2001-08-25
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Risk Analysis in Engineering and Economics
Bilal M. Ayyub Manufacturer: Chapman & Hall/CRC ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 1584883952 |
Book Description
More than any other book available, Risk Analysis in Engineering and Economics introduces the fundamental concepts, techniques, and applications of the subject in a style tailored to meet the needs of students and practitioners of engineering, science, economics, and finance. Drawing on his extensive experience in uncertainty and risk modeling and analysis, the author leads readers from the fundamental concepts through the theory, applications, and data requirements, sources, and collection. He emphasizes the practical use of the methods presented and carefully examines the limitations, advantages, and disadvantages of each. Case studies that incorporate the techniques discussed offer a practical perspective that helps readers clearly identify and solve problems encountered in practice. If you deal with decision-making under conditions of uncertainty, this book is required reading. The presentation includes more than 300 tables and figures, more than 100 examples, many case studies, and a wealth of end-of-chapter problems. Unlike the classical books on reliability and risk assessment, this book helps you relate underlying concepts to everyday applications and better prepares you to understand and use the methods of risk analysis.
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From Product Description to Cost: A Practical Approach: Volume 2: Building a Specific Model (Decision Engineering)
Pierre Marie Maurice Foussier Manufacturer: Springer ProductGroup: Book Binding: Hardcover ASIN: 1846280427 |
Book Description
Parametric cost estimating, when properly used, is a very powerful and cost effective technique. Unfortunately, this technique is often misunderstood and rejected by many potential users for whom it could be a beneficial tool. The development of an agreement on how to use it and how to recognise its limitations is a major benefit to the cost estimating community.
From Product Description to Cost: A Practical Approach:
• presents different ways of parametrically forecasting costs, and the advantages and disadvantages of these methods by using real examples from the mechanical, software and building industries;
• discusses most of the mathematical procedures which are useful for parametrically forecasting costs;
• introduces the judgement needed to audit the ways in which these forecasting techniques are used, firstly as a process, and secondly as a tool to generate estimates.
Volume 2: Building a Specific Model is divided into nine parts and focuses on the building of ‘specific’ cost estimating models. These models explicitly refer to a ‘product family’, and, as opposed to ‘general’ models, any company (if properly organised) can build these models. Understanding the procedures is key in creating successful specific models; for this reason all these procedures are fully described in this volume. Classical methods and new ones (such as the "bootstrap") are described and illustrated.
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Multiple Criteria Decision Analysis
Valerie Belton , and Theodor J. Stewart Manufacturer: Springer ProductGroup: Book Binding: Hardcover Similar Items:
Accessories:
ASIN: 079237505X |
Book Description
The field of multiple criteria decision analysis (MCDA) - also sometimes termed multiple criteria decision aid, or multiple criteria decision making (MCDM) - has developed rapidly over the past quarter century and in the process a number of divergent schools of thought have emerged. Multiple Criteria Decision Analysis: An Integrated Approach provides a comprehensive yet widely accessible overview of the main streams of thought within MCDA. Two principal aims are: To provide sufficient awareness of the underlying philosophies and theories, understanding of the practical detail of the methods, and insight into practice to enable researchers, students and industry practitioners to implement MCDA methods in an informed manner; To develop an integrated view of MCDA, incorporating both integration of different schools of thought within MCDA and integration of MCDA with broader management theory, science and practice, thereby informing the development of theory and practice across these areas. It is felt that this two-fold emphasis gives a book which will be of value to the following three groups: Practicing decision analysts or graduate students in MCDA for whom this book should serve as a state-of-the-art review, especially as regards techniques outside of their own specialization; Operational researchers or graduate students in OR/MS who wish to extend their knowledge into the tools of MCDA; Managers or management students who need to understand what MCDA can offer them.Customer Reviews:
Great explanation.......2007-02-07
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Financial Derivatives, 3rd Edition
Robert W. Kolb , and James A. Overdahl Manufacturer: Wiley ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0471232327 |
Book Description
Understand derivatives in a nonmathematical wayCustomer Reviews:
super book, fun to read.......2002-12-22
This book is written in a friendly, interesting style.
Requires some math background (high school algebra) and basic knowledge of statistics (Gaussian distribution).
I have been verifying all calculations. For the asking, I have written some programs to automate interest rate calculations and Black-Scholes (...).
Next I'll write a program to do the work of 100000 stockbrokers in finding and executing arbitrage/reverse arbitrage opportunities.
Sound introduction to derivatives.......2002-11-08
Quick and Easy Guide.......2000-07-21
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Managing the Risks of Organizational Accidents
James Reason Manufacturer: Ashgate Publishing ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 1840141042 |
Customer Reviews:
Dealing with Human Error.......2007-05-06
Managing The Risks Of Orgnizational Accidents.......2001-07-20
In 1997, Reason published yet another hit - "MANAGING THE RISKS OF ORGANIZATIONAL ACCIDENTS". This book, as Reason puts it, ... aimed at the "real people" and especially those whose daily business is to think about, and manage or regulate, the risk of hazardous technologies - like commercial aviation - our business.
Yes, this book is meant for the bosses, the Chairman, the CEO, all the Presidents, Executive Vice Presidents, Senior Vice Presidents and last but not least --- (if you are in the air transport business) --- the pilots in the flight deck - as the "Sharp End Operators" and the "Last Line Defenders" to fight against of all the possible latent errors and threats made long before we step into the flightdeck, but expect us to put a stop to any possible mishap from happening when the situation arises!
Professor Reason uses his now popular "Swiss Cheese" Model of Defence to explain the nature of those "latent threats" or "latent errors" lurking in our air transport organization (and others), waiting to spring on us when the time and opportunity present themselves.
Reason argues that highly hazardous technological industry like the air transport industry, (nuclear and chemical plants as well etc.) are usually protected with layers of strong defences..
Let me try to illustrate; let's say we have a lot of hazards to contain on the left hand side of this page, and the losses (if the hazards are not contained and causing accidents) are on the right hand side of this same page. Our defences are like layers of steel plates erected between the hazards and losses to protect them from meeting (liken to be like a light beam shining through).
In real life, these steel plates are both "hardware" and "software". Hardware are, for example better designed modern airplanes with many safety features incorporated from experiences gained over the last few decades of air transport operations, better human-engineering to prevent human factor related errors from being committed. Having better equipment to forecast weather better, better equipment to detect and forewarn the pilots of impending collision with other traffic or terrain etc.
Software, on the other hand, are people themselves, plus philosophy, policy and enforcing procedures to promote safety, implementing safety rules and regulations and practices to guard against accidents from happening.
Well and good, to be fair, all these work pretty well most of the time. That's why you don't get to see many air disasters, nuclear plant accidents, or offshore oil rig disasters very often. Reason, however, argues these "steel plates" are not hole-proof, there are in fact, full of "holes", caused by latent threats and errors, such as company pressure, tight schedules, awkward rules that are hard to follow, long working hours, inadequate rest, lack of on-going trainings, or lack of safety awareness practices, impractical fuel policy etc.
These "holes" in the steel plates expand or shrink depend on prevailing conditions. The holes are "latent threats and errors" built-in to the system, they alone will not cause accidents (not all the plates) but when coupled with some "active failures", (the remaining plates) such as human errors, lapses or slips in the system, in the right place and at the right time, the imaginary light from the left hand "hazards" side, will shine through these porous steel plates and light up the right hand "losses" side, an accident happens! But when it does happen, it is certainly a "Big Bang" headline news, which is usually coupled with heavy human death toll and colossal hardware losses.
Professor Reason deals specifically with the latent threats rather than the active failures, because, as in the Swiss Cheese Model, all you need to do is to make one of the steel plate hole-proof and the error chain is broken, thus preventing a disaster from occurring. Simple as that. Active failures will be dealt with elsewhere..
To sum up, this book covers hazards, defences and losses in all the hazardous high technology industries, it also points out reasons why sometimes these defences are penetrated and defeated. In fact Reason says some of these defences are themselves dangerous! He also talks of the human contribution to the breakdown in the defences, even maintenance, the very reason for maintenance is to ensure safety and reliability of the systems we built, itself can cause accidents if negligence seeps in. He offers practical guides to error management, and finally, how to engineer a safety culture to prevent "Big Bangs" from happening.
A highly recommended reference for those who take flight safety business seriously.
Eddie
This book gives a very holistic view of the safety problem........1999-06-17
An excellent book........1998-10-19
issues involved in managing safety in complex technologies.......1998-06-11
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A Primer for Disaster Recovery Planning in an IT Environment
Charlotte J. Hiatt Manufacturer: IGI Global ProductGroup: Book Binding: Paperback Similar Items:
ASIN: 1878289810 |
Customer Reviews:
A Primer for Disaster Recovery Planning.......2002-09-26
Case studies, project timelines, statistics, organisastion charts of a DRP, and some questionairs and forms help readers to quickly have all these information in your finger tips.
As a planner, I find it very useful too. It also act as a check lists of your current planning and be sure to cover as many area as possible. The Appendix is very useful that provide flowcharts, charts, diagrams, forms, questionair, procedures and more.
A book that should not be miss.
Disaster Recovery Planning.......2000-07-21
If you are an IT person in charge of starting the process, this is an excellent primer that points out all the other areas you have to consider. Hiatt outlines in 100 pages all the elements of research, planning, implementation, and maintenance. She reveals who should be involved in the process and what type of people should maintain the accuracy and currency of the plan. She even gives criteria on how to choose your team. Hiatt references many times throughout the manual when/how/if to use an outside consultant and off-site storage facilities. The following 150+ pages of vendor listings, charts and appendices are extremely helpful. She doesn't just write about planning, but gives you the checklists, plans, and questionnaires to help you get started. It will be much easier for me to use some of her lists and customize for our needs instead of having to write it all from scratch. Plus, she gives a thorough objective listing of vendors which saves me from searching the Internet. As Hiatt recommends, I will continue to research but, her primer will be my main reference. I can now get started without buying expensive software.
Review for A Primer For Disaster Recovery Planning In An IT.......2000-06-29
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