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2024 | OriginalPaper | Chapter

15. Simulation: Principles, Practice, and Examples

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Key Topics in This Chapter: Mainly Quantitative

At various points in the book, we have seen that in QRM there is no way around the simulation of risks and other stochastic quantities.
  • In this section, we will start by discussing the generation of random variables that satisfy specified distributions. Various methods are presented for this purpose.
  • Indications are given as to what should be considered when setting up simulation models.
  • Most of this chapter is devoted to the practical implementation of simulations. The examples cover a wide spectrum.
  • All calculations are described in detail so that they can be easily understood, modified, and implemented by the reader.

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Metadata
Title
Simulation: Principles, Practice, and Examples
Author
Herfried Kohl
Copyright Year
2024
DOI
https://doi.org/10.1007/978-3-031-71272-2_15

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