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- W66322130 abstract "There has been compelling signs of the great potential of building further synergy with academics, researchers, and industry practitioners from the areas of Modeling and Simulation (M&S) managing risk events. This paper provides an introduction to risk management and how M&S has permeated the risk management process. The trend has been to harness the advantages of M&S tools and techniques in terms of efficiency and effectiveness in managing risks. However, the more important contribution of M&s may be in how it provides a way for specialists in various disciplines or industries interact to manage risks that require multi-disciplinary approach. This becomes possible due to the capabilities of many M&S tools and techniques to be used to recognize the various objectives in risk management scenarios, as well as the need for multiple and noncommensurate performance parameters." @default.
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- W66322130 date "2015-01-01" @default.
- W66322130 modified "2023-09-27" @default.
- W66322130 title "Emerging Modeling and Simulation (M&S) Application in Risk Management" @default.
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- W66322130 doi "https://doi.org/10.2139/ssrn.2574705" @default.
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