Titlebook: Managing Uncertainty, Mitigating Risk; Tackling the Unknown Nick B. Firoozye,Fauziah Ariff Book 2016 The Editor(s) (if applicable) and The

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https://doi.org/10.1057/9781137334541financial risk management; Risk Assessment; Risk Management; Mitigation; Decision making

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The Editor(s) (if applicable) and The Author(s) 2016

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e, but incorporating uncertainty. The author shows that by using broad quantification techniques, and using reason as the guiding principle, practitioners can see a more holistic and complete picture.      978-1-137-33454-1

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Classification of Unknowns and Risk Scenariosf deep and possibly quantitative analytical treatment, while others will be far from accessible. We then must introduce knowledge, its hierarchies and the use of a wide swathe of knowledge to reduce the unknown.

Implicit

Framework for Addressing Uncertaintyverreliance on historical data which in and of itself could not make for a reliable picture of the future. Banks and regulators continued to focus almost exclusively on the narrow but easily quantifiable category of risk.

ABYSS

Methodology and Applications of UVaRired for implementing this approach in some detail in Chapter 9 and we will elaborate further on the methodology in this chapter, taking a step-by-step approach, much as we attempted a function-by-function approach in Chapter 9.

amputation