Value of information when making risk-based decisions

Robert will present a short tutorial starting with a decision tree based on the Free Mark Abbey example and then a more advanced example using Monte Carlo simulation in Analytica using the author's own algorithm.


Handout and slides

About The Speakers

Robert Brown

Robert Brown III

Sr Strategic Analyst supporting the Global Automotive group, Novelis

As a senior strategic financial planner, business case analyst, and risk advisor, I use decision science to provide guidance, deep insights, and valuable solutions for senior decision-makers facing complex, high-risk problems related to • strategic planning • financial planning and risk analysis & management • project finance, valuation, and planning • project portfolio analysis & management. Specialties: facilitation of opportunity/problem definition and framing, advanced quantitative modeling for decision support & risk analysis, portfolio analysis & management, strategic planning, systems engineering analysis. Other notable skills include simulation programming with #Analytica and the #R Programming Language for Statistical Computing. Author of "Business Case Analysis with R."