Stress and Scenario Testing

Christopher Chappell

Chapter 5 in The Executive Guide to Enterprise Risk Management, 2014, pp 72-82 from Palgrave Macmillan

Abstract: Abstract This chapter provides coverage of the role of stress and scenario testing, a key element in the tool kit of the risk function. In particular, it will – define the various approaches to stress and scenario testing and illustrate how they can be used; − explain how to develop scenarios in a way that enables value to be extracted from the output; – illustrate how stress and scenario testing can be used to identify opportunities.

Keywords: Business Model; Bayesian Network; Expert Judgment; Response Plan; Credit Crisis (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37454-7_5

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DOI: 10.1057/9781137374547_5

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