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	<title>Strategy @ Risk &#187; Corporate Strategy</title>
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	<link>http://www.strategy-at-risk.com</link>
	<description>Understanding risk, creating value</description>
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  <link>http://www.strategy-at-risk.com</link>
  <url>http://www.strategy-at-risk.com/s-r-3.ico</url>
  <title>Strategy @ Risk</title>
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		<item>
		<title>Stochastic Balance Simulation</title>
		<link>http://www.strategy-at-risk.com/2010/05/24/balance-simulation/</link>
		<comments>http://www.strategy-at-risk.com/2010/05/24/balance-simulation/#comments</comments>
		<pubDate>Mon, 24 May 2010 20:02:31 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Balance sheet and P&L simulation]]></category>
		<category><![CDATA[Balance sheet simulation]]></category>
		<category><![CDATA[Corporate Strategy]]></category>
		<category><![CDATA[Corporate risk analysis]]></category>
		<category><![CDATA[Macro risk]]></category>
		<category><![CDATA[P&L simulation]]></category>
		<category><![CDATA[Balance simulation]]></category>
		<category><![CDATA[DFA]]></category>
		<category><![CDATA[Dynamic Financial Analysis]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[Ledger]]></category>
		<category><![CDATA[Monte Carlo]]></category>
		<category><![CDATA[P&L]]></category>
		<category><![CDATA[Simulation modeling]]></category>
		<category><![CDATA[Trial balance]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1705</guid>
		<description><![CDATA[We know that forecasts based on average values are on average wrong.  In addition deterministic models will miss the important dimension of uncertainty - that gives both the different risks facing the company and the opportunities they produce.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A short presentation of S@R</title>
		<link>http://www.strategy-at-risk.com/2010/04/03/a-short-presentation-of-sr/</link>
		<comments>http://www.strategy-at-risk.com/2010/04/03/a-short-presentation-of-sr/#comments</comments>
		<pubDate>Sat, 03 Apr 2010 15:45:03 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Balance sheet and P&L simulation]]></category>
		<category><![CDATA[Balance sheet simulation]]></category>
		<category><![CDATA[Corporate Strategy]]></category>
		<category><![CDATA[Corporate risk analysis]]></category>
		<category><![CDATA[Macro risk]]></category>
		<category><![CDATA[Modelling]]></category>
		<category><![CDATA[Other topics]]></category>
		<category><![CDATA[P&L simulation]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[Forecast modeling]]></category>
		<category><![CDATA[Risk]]></category>
		<category><![CDATA[Risk modeling]]></category>
		<category><![CDATA[Simulation modeling]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1612</guid>
		<description><![CDATA[Most companies have some sort of model describing the company’s operations - but...]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Selecting Strategy</title>
		<link>http://www.strategy-at-risk.com/2009/07/22/selecting-strategy/</link>
		<comments>http://www.strategy-at-risk.com/2009/07/22/selecting-strategy/#comments</comments>
		<pubDate>Wed, 22 Jul 2009 09:55:02 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Corporate Strategy]]></category>
		<category><![CDATA[Decision making]]></category>
		<category><![CDATA[Modelling]]></category>
		<category><![CDATA[Strategic choices]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[Decision theory]]></category>
		<category><![CDATA[Decision tree]]></category>
		<category><![CDATA[Dominance]]></category>
		<category><![CDATA[Lower partial moment]]></category>
		<category><![CDATA[Real options]]></category>
		<category><![CDATA[Risk avers]]></category>
		<category><![CDATA[Risk-seeking]]></category>
		<category><![CDATA[Ruin aversion]]></category>
		<category><![CDATA[Stochastic dominance]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[Upside potential ratio]]></category>
		<category><![CDATA[Utility]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1155</guid>
		<description><![CDATA[When there is no uncertainty the maximum return criterion can be used to rank strategies. With uncertainty we have to look for the strategy that maximizes the firms expected utility.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>When in doubt, develop the situation</title>
		<link>http://www.strategy-at-risk.com/2009/07/01/when-in-doubt-develop-the-situation/</link>
		<comments>http://www.strategy-at-risk.com/2009/07/01/when-in-doubt-develop-the-situation/#comments</comments>
		<pubDate>Wed, 01 Jul 2009 21:43:24 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Corporate Strategy]]></category>
		<category><![CDATA[Corporate risk analysis]]></category>
		<category><![CDATA[Strategic choices]]></category>
		<category><![CDATA[Decision]]></category>
		<category><![CDATA[Financial modelling]]></category>
		<category><![CDATA[Financial strategies]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1088</guid>
		<description><![CDATA[Planning for an uncertain future is a hard task, but preparing for it by adapting to the uncertainties and risk uncovered is well within our abilities.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Valuation as a strategic tool</title>
		<link>http://www.strategy-at-risk.com/2009/04/24/valuation-as-a-strategic-tool/</link>
		<comments>http://www.strategy-at-risk.com/2009/04/24/valuation-as-a-strategic-tool/#comments</comments>
		<pubDate>Fri, 24 Apr 2009 10:17:49 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Strategic choices]]></category>
		<category><![CDATA[Decision]]></category>
		<category><![CDATA[Financial modelling]]></category>
		<category><![CDATA[Risk]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[Valuation]]></category>
		<category><![CDATA[Valuation services]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1009</guid>
		<description><![CDATA[Valuation is something usually done only when selling or buying a company. However it is a versatile tool in assessing issues as risk and strategies both in operations and finance.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fish farming</title>
		<link>http://www.strategy-at-risk.com/2009/02/21/fish-farming/</link>
		<comments>http://www.strategy-at-risk.com/2009/02/21/fish-farming/#comments</comments>
		<pubDate>Sat, 21 Feb 2009 20:52:19 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Strategic choices]]></category>
		<category><![CDATA[Aquaculture]]></category>
		<category><![CDATA[Biomass]]></category>
		<category><![CDATA[Cod]]></category>
		<category><![CDATA[Decision]]></category>
		<category><![CDATA[Feed conversion]]></category>
		<category><![CDATA[Financial modelling]]></category>
		<category><![CDATA[Fish farming]]></category>
		<category><![CDATA[Growth rate]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Mortality]]></category>
		<category><![CDATA[Optimal temperature]]></category>
		<category><![CDATA[Simulation modeling]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=559</guid>
		<description><![CDATA[When we in 2002 were asked to look into the risk of Cod fish farming, we had to start with the basics; how do cod feed and grow at different locations and what is the mortality at the same locations.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2009/02/21/fish-farming/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What is the correct company value?</title>
		<link>http://www.strategy-at-risk.com/2009/02/15/what-is-the-correct-company-value/</link>
		<comments>http://www.strategy-at-risk.com/2009/02/15/what-is-the-correct-company-value/#comments</comments>
		<pubDate>Sun, 15 Feb 2009 14:25:20 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Mergers & Acquisition]]></category>
		<category><![CDATA[Acquisition]]></category>
		<category><![CDATA[Equity value]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[Mergers]]></category>
		<category><![CDATA[Price]]></category>
		<category><![CDATA[Valuation services]]></category>
		<category><![CDATA[Value]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/test/?p=371</guid>
		<description><![CDATA[Value is not the same as price. Price is what the market is willing to pay. Even if the value is high, most want to pay as little as possible.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2009/02/15/what-is-the-correct-company-value/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Investment analysis</title>
		<link>http://www.strategy-at-risk.com/2009/02/15/investment-analysis/</link>
		<comments>http://www.strategy-at-risk.com/2009/02/15/investment-analysis/#comments</comments>
		<pubDate>Sun, 15 Feb 2009 13:31:09 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Investment consultants]]></category>
		<category><![CDATA[ROI]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/test/?p=351</guid>
		<description><![CDATA[An important part of the investment analysis is cost. Especially in complex and demanding projects, there is significant risk related to investing.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2009/02/15/investment-analysis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Probability of Gain and Loss</title>
		<link>http://www.strategy-at-risk.com/2009/02/11/the-probability-of-gain-and-loss/</link>
		<comments>http://www.strategy-at-risk.com/2009/02/11/the-probability-of-gain-and-loss/#comments</comments>
		<pubDate>Wed, 11 Feb 2009 17:22:39 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Mergers & Acquisition]]></category>
		<category><![CDATA[Acquisition]]></category>
		<category><![CDATA[Decision]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[Mergers]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/test/?p=311</guid>
		<description><![CDATA[Every item written into a firm’s profit and loss account and its balance sheet is a stochastic variable with a probability distribution derived from probability distributions for each factor of production.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2009/02/11/the-probability-of-gain-and-loss/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Value of Quality Management</title>
		<link>http://www.strategy-at-risk.com/2008/09/04/the-value-of-quality-management/</link>
		<comments>http://www.strategy-at-risk.com/2008/09/04/the-value-of-quality-management/#comments</comments>
		<pubDate>Thu, 04 Sep 2008 20:12:26 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Corporate Strategy]]></category>
		<category><![CDATA[Management]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/test/?p=152</guid>
		<description><![CDATA[Warret Buffett is recognized being one of the worlds most successful investor. What are the key issues when deciding to invest? Some of the most relevant factors are written here.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2008/09/04/the-value-of-quality-management/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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