@Risk Software as a Decision Support Tool

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F16%3A43930012" target="_blank" >RIV/49777513:23510/16:43930012 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
@Risk Software as a Decision Support Tool
Original language description
Presented paper deals with description of @Risk software usage as a managerial support tool. @Risk software is used for risk simulations. Decision about investment in to the innovation, new machinery, equipment or continuing with maintenance of old equipment with high chance of fatal failure is typical example which is further described in paper. Presented mathematic model deals with comparison of investment cost of innovation and potential savings from innovation with actual operating costs and potential loss due to technical failure. Conventional economic indicators calculated by @Risk are used to determine the effectiveness of investment. The advantage of @Risk compared to conventional economic indicators is that @Risk is able to calculate with uncertainty of multiple factors in long term horizon. @Risk software usage is introduced at a simple case study from manufacturing company in 8 years horizon.
Czech name
—
Czech description
—

Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Similar results(10)