Risk to reputation is recognized as a concept. In commercial terms, the reputation of an enterprise influences the loyalty of its customers, the prices they are prepared to pay, …
In the financial modeling of global business, the perfect market is well-known paradigm. This is a market in which buyers and sellers have full information about the good or …
Has risk become too much of an obsession? It’s difficult to condemn people for being meticulous, maniacal even, when it comes to assessing risks concerning health and safety.
Between the fuzzy sets of Lotfi Asker Zadeh and the fuzzy math of George W. Bush, what precisely are the implications for multi-attribute decision analysis (MADA)? First of all, …
There’s no shortage of predictions about energy. Governments, energy companies and independent observers all make energy forecasts. Sometimes they agree and sometimes they differ …
Notwithstanding that Monte Carlo methods were first invented for atomic physics (bombs) and that pharmaceutics operates close by at a molecular level, the more popular application …
History repeats itself, so the saying goes. If so, energy technology predictions would be easy to make. However, given the difficulty of predicting next year’s fashion trends, let …
When analyzing a situation or a problem, should you draw a decision tree or should you map out an influence diagram? If you have decision tree software, you may …
