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When Do I Take Which Distribution?

Part of the SpringerBriefs in Business Book Series

DOI: 10.1007/978-3-031-07330-4

ISBN: 978-3-031-07329-8

Publisher: Springer International Publishing - Springer Journals

Jul 20, 2022

LitStream

Chapter 1Distributions for the Occurrence of the Risk

Wehrspohn, Uwe; Ernst, Dietmar

Pages: 1 –8

[Distributions that model the entry side of a risk count how often the risk actually materializes in a period. In principle, all distributions that take the counting numbers 0, 1, 2, 3, etc. as values can be used for this purpose. In practice, however, three distributions are most widely used....
LitStream

Chapter 2Distributions for the Effects of Risk

Wehrspohn, Uwe; Ernst, Dietmar

Pages: 9 –42

[To fully assess a risk, after the description of the occurrence of the risk, the amount of loss after occurrence is relevant. It is generally assumed that each occurrence causes an individual loss. Thus, if a risk occurs more than once, the total loss is the sum of the individual losses. The...
LitStream

Chapter 3Application of Distributions in ERM

Wehrspohn, Uwe; Ernst, Dietmar

Pages: 43 –43

[All these distributions can be used directly with Risk Kit in risk aggregations in ERM and for PS 340. A template model that structures the application and adds an evaluation can be found on the Risk Kit toolbar under “Examples—Case Studies.” The model is presented in detail in a film. Small and...

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