Developing and Implementing a Stochastic Decision‐Support Model Within an Organizational Context: Part I—The Model
KJETIL HØYLAND
(First vice president in the Department of Asset and Risk Allocation at Gjensidige NOR Asset Management, Norway, kjetil.hoyland@gjensidige.no)
ERIK RANBERG
(Senior vice president in charge of the Department of Asset and Risk Allocation at Gjensidige NOR Asset Management, Norway. erik.ranberg@gjensidige.no)
STEIN W. WALLACE
(Professor of quantitative logistics at Molde University College, Norway. stein.w.wallace@hiMolde.no)
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Abstract
Enterprise risk management is the discipline that governs the integrated management of the aggregate risks for a given firm with consideration for its strategic and organizational context. The authors present, in three installments, a case study on developing and implementing a stochastic decision‐support model within an organization. This first installment describes the model.
Citation
HØYLAND, K., RANBERG, E. and WALLACE, S.W. (2003), "Developing and Implementing a Stochastic Decision‐Support Model Within an Organizational Context:
Publisher
:MCB UP Ltd
Copyright © 2003, MCB UP Limited