ReachCustomersOnline.com

Calculated Risk Models

Posted by TimSlavin at May 12, 2003

Calculated Risk Models: "In the May 2003 article, "How to Take Risk in a Time of Anxiety", senior writer Leigh Buchanan points out four ways business owners can make better decisions in the face of uncertainty. One method involves studying alternative outcomes using decisions trees and Monte Carlo simulation. Inc.com interviewed Sam Savage, a consulting professor in the Department of Management Science and Engineering at Stanford for more details on the topics. You'll find interactive examples of both methods of decision-making below..." Interesting models. From Inc.com, a business magazine.

Comments

Post a comment

Name:

Email Address:

URL:
Remember Me? YesNo

Comments: