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	<title>Strategy @ Risk</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>
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  <title>Strategy @ Risk</title>
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		<item>
		<title>WACC, Uncertainty and Infrastructure Regulation</title>
		<link>http://www.strategy-at-risk.com/2010/02/08/wacc-and-infrastructure-regulation/</link>
		<comments>http://www.strategy-at-risk.com/2010/02/08/wacc-and-infrastructure-regulation/#comments</comments>
		<pubDate>Mon, 08 Feb 2010 16:18:44 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Balance sheet simulation]]></category>
		<category><![CDATA[Costs]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Interest rates]]></category>
		<category><![CDATA[Capital cost]]></category>
		<category><![CDATA[Cost of debt]]></category>
		<category><![CDATA[Cost of equity]]></category>
		<category><![CDATA[Fan Charts]]></category>
		<category><![CDATA[Infrastructure Regulation]]></category>
		<category><![CDATA[Telecom]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[WACC]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1525</guid>
		<description><![CDATA[Calculating Wacc for a company for a number of years into the future is not a trivial task. Wacc is no longer a single value, but a time series with values varying from year to year. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Credit Risk</title>
		<link>http://www.strategy-at-risk.com/2009/12/29/credit-risk/</link>
		<comments>http://www.strategy-at-risk.com/2009/12/29/credit-risk/#comments</comments>
		<pubDate>Tue, 29 Dec 2009 16:38:49 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Other topics]]></category>
		<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[Credit Risk]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1513</guid>
		<description><![CDATA[A number of other statistical methods have also been used to predict future company failure and credit risk.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Concession Revenue Modelling and Forecasting</title>
		<link>http://www.strategy-at-risk.com/2009/11/11/concession-revenue-modelling-and-forecasting/</link>
		<comments>http://www.strategy-at-risk.com/2009/11/11/concession-revenue-modelling-and-forecasting/#comments</comments>
		<pubDate>Wed, 11 Nov 2009 22:13:15 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Operations]]></category>
		<category><![CDATA[Airport concessions]]></category>
		<category><![CDATA[Airport modelling]]></category>
		<category><![CDATA[Airports]]></category>
		<category><![CDATA[EBITDA]]></category>
		<category><![CDATA[Forecast modelling]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1470</guid>
		<description><![CDATA[Concessions are an important source of revenue for all airports. An airport simulation model should therefore be able to give a good forecast of revenue from different types of concessions.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2009/11/11/concession-revenue-modelling-and-forecasting/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Perception of Risk</title>
		<link>http://www.strategy-at-risk.com/2009/11/02/perception-of-risk/</link>
		<comments>http://www.strategy-at-risk.com/2009/11/02/perception-of-risk/#comments</comments>
		<pubDate>Mon, 02 Nov 2009 11:27:38 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Other topics]]></category>
		<category><![CDATA[Google Trends]]></category>
		<category><![CDATA[Risk]]></category>
		<category><![CDATA[Search Volume Index]]></category>
		<category><![CDATA[Strategy]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1424</guid>
		<description><![CDATA[Is there less interest in risk and strategy in the Vest than in the East ?]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Where do you go from risk mapping?</title>
		<link>http://www.strategy-at-risk.com/2009/10/19/where-do-you-go-from-risk-mapping/</link>
		<comments>http://www.strategy-at-risk.com/2009/10/19/where-do-you-go-from-risk-mapping/#comments</comments>
		<pubDate>Mon, 19 Oct 2009 10:48:33 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Other topics]]></category>
		<category><![CDATA[Hazarde]]></category>
		<category><![CDATA[Risk breakdown structur]]></category>
		<category><![CDATA[Risk events list]]></category>
		<category><![CDATA[Risk level matrix]]></category>
		<category><![CDATA[Risk mapping]]></category>
		<category><![CDATA[Risk register]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1388</guid>
		<description><![CDATA[You can't control what you can't measure]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2009/10/19/where-do-you-go-from-risk-mapping/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Public Works Projects</title>
		<link>http://www.strategy-at-risk.com/2009/09/03/public-works-projects/</link>
		<comments>http://www.strategy-at-risk.com/2009/09/03/public-works-projects/#comments</comments>
		<pubDate>Thu, 03 Sep 2009 06:57:49 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Other topics]]></category>
		<category><![CDATA[Monte Carlo]]></category>
		<category><![CDATA[Public works projects]]></category>
		<category><![CDATA[Scenario analysis]]></category>
		<category><![CDATA[Strategy consultants]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1140</guid>
		<description><![CDATA[The solution to all this is to establish a proper simulation model for every large project and do the Monte Carlo simulation necessary to establish the total cost distribution, and then calculate the risks involved.]]></description>
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		<slash:comments>0</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[Strategic choices]]></category>
		<category><![CDATA[Decision making]]></category>
		<category><![CDATA[Decision theory]]></category>
		<category><![CDATA[Dominance]]></category>
		<category><![CDATA[Lower partial moment]]></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[Strategy consultants]]></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>
		<wfw:commentRss>http://www.strategy-at-risk.com/2009/07/22/selecting-strategy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Two letters</title>
		<link>http://www.strategy-at-risk.com/2009/07/06/two-letters/</link>
		<comments>http://www.strategy-at-risk.com/2009/07/06/two-letters/#comments</comments>
		<pubDate>Mon, 06 Jul 2009 07:57:33 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Other topics]]></category>
		<category><![CDATA[Copula formula]]></category>
		<category><![CDATA[Financial risk consultants]]></category>
		<category><![CDATA[Stochastic simulation]]></category>
		<category><![CDATA[VaR]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1120</guid>
		<description><![CDATA[If you should reconsider, we will be happy to meet with you to explain the nature of our work. To us nothing is better than a demanding customer.]]></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>Top Ten Concerns of CFO’s – May 2009</title>
		<link>http://www.strategy-at-risk.com/2009/06/11/top-ten-concerns-of-cfo%e2%80%99s-%e2%80%93-may-2009/</link>
		<comments>http://www.strategy-at-risk.com/2009/06/11/top-ten-concerns-of-cfo%e2%80%99s-%e2%80%93-may-2009/#comments</comments>
		<pubDate>Thu, 11 Jun 2009 20:08:14 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Balance sheet and P&L simulation]]></category>
		<category><![CDATA[Corporate risk analysis]]></category>
		<category><![CDATA[Contingency planning]]></category>
		<category><![CDATA[Currency risk]]></category>
		<category><![CDATA[Interest rate risk]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1068</guid>
		<description><![CDATA[A poll of more than 1200 senior finance executives by CFO Europe together with Tilburg and Duke University ranks the ten top external and internal concerns.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2009/06/11/top-ten-concerns-of-cfo%e2%80%99s-%e2%80%93-may-2009/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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