Stochastic dominance

Planning under Uncertainty

Planning under Uncertainty

This entry is part 3 of 6 in the series Balance simulation

Let’s say that the board have sketched a future desired value of the company’s equit, and that you are left to find out if it is possible to get there and if so – the road to take …

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The Value of Information

The Value of Information

This entry is part 4 of 4 in the series A short presentation of S@R

Enterprise risk management (ERM) only has value to those who know that the future is uncertain. Businesses have three key needs: First, they need to have a product or service that people will buy. They need revenues. Second, they need […]

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Selecting Strategy

Selecting Strategy

This entry is part 2 of 2 in the series Valuation

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.

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