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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>
  <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>The Uncertainty in Forecasting Airport Pax</title>
		<link>http://www.strategy-at-risk.com/2010/04/22/the-uncertainty-in-forecasting-airport-pax/</link>
		<comments>http://www.strategy-at-risk.com/2010/04/22/the-uncertainty-in-forecasting-airport-pax/#comments</comments>
		<pubDate>Thu, 22 Apr 2010 21:13:19 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Decision making]]></category>
		<category><![CDATA[Modelling]]></category>
		<category><![CDATA[Operations]]></category>
		<category><![CDATA[Other topics]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[Airport modelling]]></category>
		<category><![CDATA[Airports]]></category>
		<category><![CDATA[Forecast]]></category>
		<category><![CDATA[Pax]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1676</guid>
		<description><![CDATA[The uncertainty about the future yearly Pax is quite high. With this as the backcloth for airport planning the stochastic nature of Pax forecasts has to be taken into account when investment decisions are to be made.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2010/04/22/the-uncertainty-in-forecasting-airport-pax/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Case of Enterprise Risk Management</title>
		<link>http://www.strategy-at-risk.com/2010/04/19/the-case-of-enterprise-risk-management/</link>
		<comments>http://www.strategy-at-risk.com/2010/04/19/the-case-of-enterprise-risk-management/#comments</comments>
		<pubDate>Mon, 19 Apr 2010 09:39:27 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Balance sheet simulation]]></category>
		<category><![CDATA[Decision making]]></category>
		<category><![CDATA[Modelling]]></category>
		<category><![CDATA[P&L simulation]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[COSO]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[Risk]]></category>
		<category><![CDATA[S@R]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1637</guid>
		<description><![CDATA[Traditionally, when estimating costs, project value, equity value or budgeting, one number is generated – a single point estimate.]]></description>
		<wfw:commentRss>http://www.strategy-at-risk.com/2010/04/19/the-case-of-enterprise-risk-management/feed/</wfw:commentRss>
		<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>The Value of Information</title>
		<link>http://www.strategy-at-risk.com/2010/03/15/the-value-of-information/</link>
		<comments>http://www.strategy-at-risk.com/2010/03/15/the-value-of-information/#comments</comments>
		<pubDate>Mon, 15 Mar 2010 18:47:39 +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[Operations]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[Forecasting]]></category>
		<category><![CDATA[Profit]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[Stochastic]]></category>
		<category><![CDATA[Stochastic dominance]]></category>

		<guid isPermaLink="false">http://www.strategy-at-risk.com/?p=1581</guid>
		<description><![CDATA[Enterprise risk management only has value to those who know that the future is uncertain]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<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[Modelling]]></category>
		<category><![CDATA[Uncertainty]]></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[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>
		<wfw:commentRss>http://www.strategy-at-risk.com/2010/02/08/wacc-and-infrastructure-regulation/feed/</wfw:commentRss>
		<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>
		<wfw:commentRss>http://www.strategy-at-risk.com/2009/12/29/credit-risk/feed/</wfw:commentRss>
		<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[Uncertainty]]></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>
		<wfw:commentRss>http://www.strategy-at-risk.com/2009/11/02/perception-of-risk/feed/</wfw:commentRss>
		<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[Uncertainty]]></category>
		<category><![CDATA[Hazard]]></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>
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