Risk Management and Simulation

The challenges of the financial environment have revealed the need for a new generation of professionals who combine training in traditional finance disciplines with an understanding of sophisticated quantitative and analytical tools. This book shows how simulation modeling and analysis can help you solve problems of risk management related to market, credit, operational, business, and strategic risk. Making simulation accessible, the author walks you through the concepts, models, and computational techniques. Topics covered include developing and validating models, designing simulation experiments, and conducting analysis.