Practical Spreadsheet Risk Modeling for Management

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Lists with This Book. This book is not yet featured on Listopia. This book is an excellent tool to be used as a guide to set up and run models more complex than any statistical course you may have encountered. The book is based around excel and more particularly the excel add-in ModelRisk Vose Software , but it is useful even beyond its intent. I used the text for a spreadsheet modeling class in a MBA program with one of the authors of the book, Dale Lehman.

The book is useful in modeling, yes, but it is also quite informative on different ways to set up mod This book is an excellent tool to be used as a guide to set up and run models more complex than any statistical course you may have encountered. The book is useful in modeling, yes, but it is also quite informative on different ways to set up modeling issues you may encounter in school or on the job. Half of the battle of any issue that requires modeling is in figuring out what you want the outcome to be i.

The first few chapters deal with different ways to ask questions and set up spreadsheets in excel to be able to begin to answer the questions. Furthermore, it shows in detail ways to map out problems so you can see the outcome you are looking for and, often, put to rest questions that come to mind that are inherently less important than you may think.

For me, seeing the problem in what is called an "influence chart" helps a lot in accomplishing the goals. I will state that the book is geared to work with ModelRisk and, although I have played around with Crystal Ball and other modeling software, the information is a bit difficult to extrapolate and use in other programs. For the bright mind, however, I could see the information being easily transferred to a different modeling program with some tinkering.

At any rate, it is a useful tool to set up problems and really take an in-depth look at the issue. If you are using ModelRisk, you should own this book as it will be even that much more useful than the average modeling personnel.

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He has held positions at a dozen universities and for several telecommunications companies. He holds a B. He has authored numerous articles and two books on topics related to microeconomic theory, decision making under uncertainty, and public policy, particularly concerning telecommunications and natural resources.

Huybert Groenendaal is a managing partner and senior risk analysis consultant at EpiX Analytics. As a consultant, he helps clients using risk analysis modeling techniques in a broad range of industries. He also teaches a number of risk analysis training classes, gives guest lectures at a number of universities, and is adjunct professor at Colorado State University.

He holds a M. The mission of the Applied Analytics Department is to promote and improve the application of analytical techniques for measuring and managing risks at Denali Alaskan as well as the greater credit union industry. Along with Huybert, Greg is also an instructor of risk analysis courses for Statistics. Prior to Denali Alaskan he has had a varied career including work with EpiX Analytics as a risk analysis consultant for clients from numerous industries, sales engineer, application engineer, test engineer, and air traffic controller.