Monte carlo simulation

Risk aggregation by means of probability distributions

Companies are confronted with a multitude of constantly changing risks on a daily basis. These are not limited to just one area, but are many and varied. In order to obtain a comprehensive view of the risks, aggregation by means of Monte Carlo simulation can be used.

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In order to determine the overall risk scope of a company and thus its risk-bearing capacity, it is not sufficient to consider potential risks individually. An aggregation of the individual risks, on the other hand, provides a meaningful information basis on the basis of which the individual risk scenarios can be determined in terms of their probability of occurrence and impact on profit planning. Through aggregation by means of Monte Carlo simulation, an overall risk distribution is created, statistically evaluated and depicted in a histogram. In this way, the aggregation result can be used to identify possible future scenarios that pose a threat and to initiate appropriate countermeasures.

Key features

Forecast

Use the analyses to identify dependencies between individual risks and get an overview of your overall risk scope. Develop sensible countermeasures to minimise and avoid risks.

Representation

Meaningful diagrams can be generated with just a few clicks. The Monte Carlo simulation in antares RiMIS® supports different distribution functions, including the Gaussian normal distribution, uniform distribution, log-normal distribution and the PERT distribution.

Integration

The simulation module is available as an integral part of the antares RiMIS® standard solution. Due to the web capability, any number of people can access the system decentrally, participate permanently in the process and obtain information independently.

Programming language

R is an open source programming language for solving complex interrelationships. Various packages can be installed and also created to solve individual problems. New functions can therefore be implemented as needed.

Participate in our workshop

Learn in our practical workshop "Risk aggregation and quantification according to IDW PS 981 and IDW PS 340" how you can describe, measure, aggregate and subsequently visualise your corporate risks with suitable methods. We will not only give you a brief overview of the legal requirements, but also explicitly address the current requirements from the auditing standard IDW PS 340.

The workshop is primarily aimed at risk managers and risk controllers and can be supplemented by an individual part if required. Depending on the desired scope of topics, decide on a one, two or three-day workshop with our experts.

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Risk aggregation using Monte Carlo simulation can be used to determine a company's overall risk exposure. For more information on the module and its functions, see the white paper.

Your request for risk aggregation using Monte Carlo simulation

Thank you for your interest in our simulation module for risk aggregation using Monte Carlo simulation.

Our solution is characterised by a wide range of applications, individual design options and simple user guidance. Further features and functions can be found in our whitepaper.

Do you have any questions about the simulation module or the company? Don't hesitate and contact us at 07331/3076-0 or by e-mail at info@antares-is.de. We will get back to you as soon as possible.

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Jochen Brühl | Managing director

Select your desired option and arrange a non-binding and free consultation with our managing director Jochen Brühl.

We will answer your questions and make sure that you get to know our software in detail. We will be happy to show you the solution to your individual requirements. Afterwards, if you wish, we will present the performance spectrum of our software to you, live and directly, via web session or personally at your premises.

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