DEDICATED RISK MANAGEMENT SOFTWARE

Toma Plesanu (), Cătălin Bursuc () and Costel Loloiu ()
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Toma Plesanu: National Defence University “Carol I”, Bucharest, Romania
Cătălin Bursuc: National Defence University “Carol I”, Bucharest, Romania
Costel Loloiu: National Defence University “Carol I”, Bucharest, Romania

No 17, Proceedings of the 9-th International Conference on Knowledge Management: Projects, Systems and Technologies, Bucharest, November 26-27, 2015. from Faculty of Economic Cybernetics, Statistics and Informatics, Academy of Economic Studies from Bucharest and "Carol I-st" National Defence University, Department for Management of the Defence Resources and Education

Abstract: Simulation method is a method to perform risk assessment within a project or activity. Simulation assists the decision-making process by using models which are simplified representations of real systems. The article analyses the possibilities of risk assessment using decision-making simulation, focusing on the Monte-Carlo method. It also presents a dedicated risk management software.

Keywords: Monte-Carlo method; risk management; risk evaluation; decision-making simulation (search for similar items in EconPapers)
Pages: 5 pages
Date: 2015-11
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Persistent link: https://EconPapers.repec.org/RePEc:rom:km2015:17

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