I had the pleasure of attending The Decision Quality Conference 2018 in London last week. This provided a good reminder of some of the close linkages between risk assessment and Decision Quality.
Archives for 2018
Some commentators on risk assessment consider that “heat maps” are a waste of time. This posting discusses some of their advantages and disadvantages. A much more detailed discussion is also contained in my book Business Risk and Simulation Modelling in Practice.
A question often asked is the best way to deal with modelling dependencies in risk models. The topic is in fact incredibly rich; in this post, we just recap some of the basic elements that apply in many simple cases. [Read more…] about Modelling Dependency in Risk Models: Some Basics
The new website www.valuationdecisions.com is now complete – it is an update and replacement of www.michaelrees.co.uk. The new site reflects more accurately the type of business and focus for Michael’s activities going forward, as well as allowing the integration of other activities, people, potential staff and business partners.
- Model design and best practices, including the optimisation of data structures and layout, maximising transparency, balancing complexity with flexibility, dealing with circularity, model audit and error-checking.
- Sensitivity and scenario analysis, simulation, and optimisation.
- Data manipulation and analysis.
- The use and choice of Excel functions and functionality, including advanced functions and those from all categories, as well as of VBA and its key areas of application within financial modelling.
See here for more