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dc.contributor.authorDoerr, Kenneth
dc.date.accessioned2015-08-14T22:56:19Z
dc.date.available2015-08-14T22:56:19Z
dc.date.issued2012-09
dc.identifier.urihttp://hdl.handle.net/10945/46059
dc.descriptionPoster for a lecture by Kenneth Doerr titled: Logistics Applications of Value-at-Risk Analysesen_US
dc.description.abstractValue-at-Risk is a metric used heavily in the finance sector, especially banking, to assess the downside risk associated with a potential catastrophic event, such as the risk that a bank will run out of cash. It is a quantile risk measure. Dr. Doerr will compare this risk metric to other risk metrics commonly used in logistics, and review existing applications of Value-at-Risk (under other names) in logistics, where it is already used to manage inventory and project schedules. He will contend that Value-at-Risk has some unique advantages, in behavioral decision making terms, over more commonly used measures. Dr. Doerr will propose its use for a certain kind of stochastic capacity planning (readiness analysis), important in the defense sector, and describe some results obtained using a Value-at-Risk metric he calls readiness risk. He will discuss some open behavioral decision making issues related to the application of quantile risk measures such as Value-at-Risk, especially as compared to more complex loss models.en_US
dc.titleThe Harold and Inge Marcus Department of Industrial and Manufacturing Engineering Welcomes Distinguished Lecturer: Kenneth Doerren_US
dc.typePosteren_US
dc.contributor.departmentGraduate School of Business & Public Policy (GSBPP)en_US


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