Ascertaining the financial loss from non-dependable events in business interactions by using the Monte Carlo method

Ascertaining the financial loss from non-dependable events in business interactions by using the Monte Carlo method

Risk Assessment in business interactions is carried out to determine beforehand the occurrence ofundesirable events and their associated consequences. In the literature, various approaches have beenproposed by which an interaction initiating agent can ascertain the occurrence of undesirable event/s...

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Bibliographic Details
Main Authors: Hussain, Omar, Dillon, Tharam S.
Other Authors: Makoto Takizawa
Format: Conference Paper
Published: IEEE Computer Society 2009
Subjects:
non-dependable events
financial risk
risk assessment
dependable events
uncertainty
Online Access:http://doi.ieeecomputersociety.org/10.1109/ARES.2009.136
http://hdl.handle.net/20.500.11937/9172

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