Modelling the Survival of Financial and Industrial Enterprises: Advantages, Challenges and Problems with the Internal-Ratings Base (IRB)

This book analyses the use of modelling in charting the survival of financial and industrial enterprises. The author shows how to use models effectively, and goes on to consider the pitfalls that can occur. The book contains plenty of practical examples, making this a useful 'how to' guide. Modelling Is Becoming Increasingly Vital For Businesses Today. This Book Is A Clear And Simple Guide Through The Basics Of Business Modelling. It Analyses The Use Of Modelling In Financial And Industrial Enterprises, And Is Written For Professionals Who May Not Have Mathematics As A Background. The Author Provides A Comprehensive Review Of The Scientific Method, Explains The Process Of Analysis, Shows How To Use Models Effectively, And Goes On To Consider The Pitfalls That Can Occur. The Book Contains Plenty Of Practical Examples, Making It A Clear And Important Tool For Anyone Using Modelling.--jacket. Pt. 1. Understanding The Contribution Of Science And Models. 1. Science And The Solution Of Real-life Business Problems. 2. Is The Work Of Financial Analysts Worth The Cost And The Effort? 3. The Contribution Of Modelling And Experimentation In Modern Business -- Pt. 2. Elements Of The Internal Rating-based Method. 4. Practical Applications: The Assessment Of Creditworthiness. 5. Debts And The Use Of Models In Evaluating Credit Risk. 6. Models For Actuarial Science And The Cost Of Money -- Pt. 3. Forecasting, Reporting, Evaluating And Exercising Market Discipline. 7. Scenario Analysis And The Delphi Method. 8. Financial Forecasting And Economic Predictions. 9. Reliable Financial Reporting And Market Discipline. Dimitris N. Chorafas. Includes Bibliographical References (p. 288-291) And Index. Analyzing the use of modelling in charting the survival of financial and industrial enterprises, Dimitris Chorafas shows how to use models effectively and goes on to consider the pitfalls that can occur. The book contains many practical examples, making this a useful "how to" guide