OPTIMUM MANAGEMENT OF RISK AND FINANCIAL ANALYSIS IN INDUSTRIAL AND MINE ECONOMIC SYSTEMS USING MONT CARLO SIMULATION

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BADIEI H.; YOUSFI M.

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Paper Information

Journal: FINANCIAL ENGINEERING AND SECURITIES MANAGEMENT (PORTFOLIO MANAGEMENT) Year:2010 | Volume:1 | Issue:2 Page(s): 99-116

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Title

OPTIMUM MANAGEMENT OF RISK AND FINANCIAL ANALYSIS IN INDUSTRIAL AND MINE ECONOMIC SYSTEMS USING MONT CARLO SIMULATION

Author(s)

BADIEI H. | YOUSFI M. | Issue Writer Certificate

Keywords

RISKQ2

ECONOMIC SYSTEMSQ3

MONT CARLO SIMULATIONQ1

RANDOM NUMBERSQ3

UNCERTAINTYQ1

Abstract

In economic studies of industrial and mine projects, there are many factors as uncertain variables related to the future (sales, demand, net present value and etc). Therefore, such studies should be carried out based on forecasting. To obtain reliable results in these situations, we should use RISK analysis methods. One of these UNCERTAINTY methods is to employ models to be simulated.One of the methods that can be use in these models is MONT CARLO SIMULATION, in which, some factors as random variables will be studied for the future. Future prediction of each random variable is assessed considering a probability distribution function. The aim of this research work are to describe MONT CARLO SIMULATION and its application in RISK and decision management of evaluation industrial and mine investment project and forecast probability economic conditions. The result of this study indicate that: in economic study of each investment project, first, we should recognize the UNCERTAINTY variables and distribution function of them, and then with replacing the distribution functions in appropriate cell of financial model of the project, forecasting of future using MONT CARLO SIMULATION and evaluation of RISK can be done.

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References

الگوهای نوین ارزیابی اقتصادی پروژه های سرمایه ای (کنفرانس)

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APA: Copy

BADIEI, H., & YOUSFI, M.. (2010). OPTIMUM MANAGEMENT OF RISK AND FINANCIAL ANALYSIS IN INDUSTRIAL AND MINE ECONOMIC SYSTEMS USING MONT CARLO SIMULATION. FINANCIAL ENGINEERING AND SECURITIES MANAGEMENT (PORTFOLIO MANAGEMENT), 1(2), 99-116. SID. https://sid.ir/paper/197813/en

Vancouver: Copy

BADIEI H., YOUSFI M.. OPTIMUM MANAGEMENT OF RISK AND FINANCIAL ANALYSIS IN INDUSTRIAL AND MINE ECONOMIC SYSTEMS USING MONT CARLO SIMULATION. FINANCIAL ENGINEERING AND SECURITIES MANAGEMENT (PORTFOLIO MANAGEMENT)[Internet]. 2010;1(2):99-116. Available from: https://sid.ir/paper/197813/en

IEEE: Copy

H. BADIEI, and M. YOUSFI, “OPTIMUM MANAGEMENT OF RISK AND FINANCIAL ANALYSIS IN INDUSTRIAL AND MINE ECONOMIC SYSTEMS USING MONT CARLO SIMULATION,” FINANCIAL ENGINEERING AND SECURITIES MANAGEMENT (PORTFOLIO MANAGEMENT), vol. 1, no. 2, pp. 99–116, 2010, [Online]. Available: https://sid.ir/paper/197813/en

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