Unified Governance and Planning for High Impact Events in Finance, Climate and Those Caused by Malice

Joseph Erl
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Joseph Erl: 2007-2009, Mobilicity Ltd

Interdisciplinary Management Research, 2009, vol. 5, 585-590

Abstract: In 2007, the US Transportation Security Administration agency said Boeing would use its Monte Carlo simulation model “to identify U.S. commercial aviation system vulnerabilities against a wide variety of attack scenarios.” The Boeing and TSA team that crafted the model said that because of the Monte Carlo method’s success, the agency is considering extending its use to the analysis of policy problems outside the realm of security. Perplexed by the complexity implied by the above announcement, I started looking for simpler ways of achieving the TSA objectives. Here are some of the conclusions.

Keywords: finance; transportation (search for similar items in EconPapers)
JEL-codes: L93 (search for similar items in EconPapers)
Date: 2009
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