Tag: "Triangular distribution"
Plans based on average assumptions ……
Don’t worry about the average, worry about how large the variations are, how frequent they occur and why they exists.
View PostCorporate Risk Analysis
Strategy @Risk has developed a radical and new approach to the way risk is assessed and measured when considering current and future investment.
View PostUncertainty – lack of information
Every item in a budget or a profit and loss account represents in principal a probability distribution. In this framework all items whether from the profit and loss account or from the balance sheet will have individual probability distributions.






