Quantitative Risk Analysis: A Guide to Monte Carlo Simulation Modelling

This is a comprehensive guide to the modelling of uncertainty through the use of spreadsheet and risk analysis software. It illustrates each technique with worked examples, and includes sufficient probability and statistics theory for the reader to be confident of the correctness of the techniques and to understand when and how the theories can be used. The book provides the basic information necessary for a simple risk analysis model, as well as modelling techniques for more complicated problems.