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The Resource Managing risk and uncertainty : a strategic approach, Richard Friberg

Managing risk and uncertainty : a strategic approach, Richard Friberg

Label
Managing risk and uncertainty : a strategic approach
Title
Managing risk and uncertainty
Title remainder
a strategic approach
Statement of responsibility
Richard Friberg
Creator
Subject
Language
eng
Summary
This book offers a framework for making decisions under risk and uncertainty. Synthesizing research from economics, finance, decision theory, management, and other fields, the book provides a set of tools and a way of thinking that determines the relative merits of different strategies. It takes as its premise that we make better decisions if we use the whole toolkit of economics and related fields to inform our decision making. The text explores the distinction between risk and uncertainty and covers standard models of decision making under risk as well as more recent work on decision making under uncertainty, with a particular focus on strategic interaction. It also examines the implications of incomplete markets for managing under uncertainty. It presents four core strategies: a benchmark strategy (proceeding as if risk and uncertainty were low), a financial hedging strategy (valuable if there is much risk), an operational hedging strategy (valuable for conditions of much uncertainty), and a flexible strategy (valuable if there is much risk and/or uncertainty). The book then examines various aspects of these strategies in greater depth, building on empirical work in several different fields. Topics include price-setting, real options and Monte Carlo techniques, organizational structure, and behavioral biases. Many chapters include exercises and appendixes with additional material. The book can be used in graduate or advanced undergraduate courses in risk management, as a guide for researchers, or as a reference for management practitioners.--
Assigning source
Provided by Publisher
Cataloging source
DLC
http://library.link/vocab/creatorDate
1967-
http://library.link/vocab/creatorName
Friberg, Richard
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Risk management
  • Financial risk
  • Corporations
Label
Managing risk and uncertainty : a strategic approach, Richard Friberg
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17769486
Dimensions
23 cm.
Extent
xvi, 376 pages
Isbn
9780262528191
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)907512675
Label
Managing risk and uncertainty : a strategic approach, Richard Friberg
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17769486
Dimensions
23 cm.
Extent
xvi, 376 pages
Isbn
9780262528191
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)907512675

Library Locations

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      43.803074 11.283055
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