@Risk Software as a Decision Support Tool

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

@Risk Software as a Decision Support Tool

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

@Risk Software as a Decision Support Tool

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

28th IBIMA Conference Proceedings

ISBN

978-0-9860419-8-3

ISSN

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e-ISSN

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Počet stran výsledku

15

Strana od-do

963-978

Název nakladatele

International Business Information Management Association

Místo vydání

Sevilla

Místo konání akce

Sevilla

Datum konání akce

9. 11. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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