Wehrspohn Risk Management

Risk Kit 8.3 - More Practical Relevance, Less Math Frustration

January 20, 2025

๐—ฅ๐—ถ๐˜€๐—ธ ๐—ž๐—ถ๐˜ ๐Ÿด.๐Ÿฏ - ๐— ๐—ผ๐—ฟ๐—ฒ ๐—ฃ๐—ฟ๐—ฎ๐—ฐ๐˜๐—ถ๐—ฐ๐—ฎ๐—น ๐—ฅ๐—ฒ๐—น๐—ฒ๐˜ƒ๐—ฎ๐—ป๐—ฐ๐—ฒ, ๐—Ÿ๐—ฒ๐˜€๐˜€ ๐— ๐—ฎ๐˜๐—ต ๐—™๐—ฟ๐˜‚๐˜€๐˜๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป New risk parameterizations are now oriented even more closely to the world of risk experts rather than to pure formulas. We are excited to introduce the new ๐—ฅ๐—ฒ๐—น๐—ฒ๐—ฎ๐˜€๐—ฒ ๐Ÿด.๐Ÿฏ of ๐—ฅ๐—ถ๐˜€๐—ธ ๐—ž๐—ถ๐˜. We have further expanded the tools for selecting and parameterizing distributions, so that you, as risk managers in practice, have ๐—บ๐—ผ๐—ฟ๐—ฒ ๐—ฐ๐—ผ๐—ป๐˜๐—ฟ๐—ผ๐—น over risk assessment. ๐—ง๐—ต๐—ฒ ๐—บ๐—ผ๐˜€๐˜ ๐—ถ๐—บ๐—ฝ๐—ผ๐—ฟ๐˜๐—ฎ๐—ป๐˜ ๐—ป๐—ฒ๐˜„ ๐—ณ๐—ฒ๐—ฎ๐˜๐˜‚๐—ฟ๐—ฒ๐˜€ ๐—ฎ๐˜ ๐—ฎ ๐—ด๐—น๐—ฎ๐—ป๐—ฐ๐—ฒ 1. ๐—”๐—น๐˜๐—ฒ๐—ฟ๐—ป๐—ฎ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—ฝ๐—ฎ๐—ฟ๐—ฎ๐—บ๐—ฒ๐˜๐—ฒ๐—ฟ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—ฐ๐—ผ๐—บ๐—บ๐—ผ๐—ป ๐—ฑ๐—ถ๐˜€๐˜๐—ฟ๐—ถ๐—ฏ๐˜‚๐˜๐—ถ๐—ผ๐—ป๐˜€ - ๐—ฃ๐—˜๐—ฅ๐—ง, ๐—บ๐—ผ๐—ฑ๐—ถ๐—ณ๐—ถ๐—ฒ๐—ฑ ๐—ฃ๐—˜๐—ฅ๐—ง, ๐—ฎ๐—ป๐—ฑ ๐˜๐—ฟ๐—ถ๐—ฎ๐—ป๐—ด๐˜‚๐—น๐—ฎ๐—ฟ ๐—ฑ๐—ถ๐˜€๐˜๐—ฟ๐—ถ๐—ฏ๐˜‚๐˜๐—ถ๐—ผ๐—ป: instead of the classic best-case/worst-case concept, you can now use ๐—ผ๐—ฝ๐˜๐—ถ๐—บ๐—ถ๐˜€๐˜๐—ถ๐—ฐ ๐—ฎ๐—ป๐—ฑ ๐—ฝ๐—ฒ๐˜€๐˜€๐—ถ๐—บ๐—ถ๐˜€๐˜๐—ถ๐—ฐ ๐—พ๐˜‚๐—ฎ๐—ป๐˜๐—ถ๐—น๐—ฒ๐˜€. The most likely value can be replaced by the ๐—ฒ๐˜…๐—ฝ๐—ฒ๐—ฐ๐˜๐—ฒ๐—ฑ ๐˜ƒ๐—ฎ๐—น๐˜‚๐—ฒ, the ๐—บ๐—ฒ๐—ฑ๐—ถ๐—ฎ๐—ป, or any ๐—พ๐˜‚๐—ฎ๐—ป๐˜๐—ถ๐—น๐—ฒ. Clear terms for clear risk communication. - ๐—•๐—ฒ๐˜๐—ฎ ๐—ฎ๐—ป๐—ฑ ๐—š๐—ฎ๐—บ๐—บ๐—ฎ ๐—ฑ๐—ถ๐˜€๐˜๐—ฟ๐—ถ๐—ฏ๐˜‚๐˜๐—ถ๐—ผ๐—ป become easier to use via ๐—ฒ๐˜…๐—ฝ๐—ฒ๐—ฐ๐˜๐—ฒ๐—ฑ ๐˜ƒ๐—ฎ๐—น๐˜‚๐—ฒ + ๐˜€๐˜๐—ฎ๐—ป๐—ฑ๐—ฎ๐—ฟ๐—ฑ ๐—ฑ๐—ฒ๐˜ƒ๐—ถ๐—ฎ๐˜๐—ถ๐—ผ๐—ป. 2. A ๐—ป๐—ฒ๐˜„ ๐—ฐ๐—ฎ๐˜€๐—ฒ ๐˜€๐˜๐˜‚๐—ฑ๐˜† ๐—ผ๐—ป ๐—ฏ๐—ฎ๐—ฑ ๐—ฑ๐—ฒ๐—ฏ๐˜ ๐—น๐—ผ๐˜€๐˜€๐—ฒ๐˜€ demonstrates the new parameterizations in a practical setting and assesses this risk through a model. 3. When setting up a risk driver, you can now ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฎ๐—ฟ๐—ฒ ๐—ฑ๐—ถ๐˜€๐˜๐—ฟ๐—ถ๐—ฏ๐˜‚๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฑ๐—ถ๐—ฟ๐—ฒ๐—ฐ๐˜๐—น๐˜† ๐˜„๐—ถ๐˜๐—ต ๐—ผ๐—ป๐—ฒ ๐—ฎ๐—ป๐—ผ๐˜๐—ต๐—ฒ๐—ฟ. 4. ๐—–๐—ผ๐—ป๐˜๐—ฟ๐—ถ๐—ฏ๐˜‚๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐˜๐—ผ ๐—ฉ๐—ฎ๐—น๐˜‚๐—ฒ ๐—ฎ๐˜ ๐—ฅ๐—ถ๐˜€๐—ธ are a new sensitivity concept with minimal noise. 5. ๐—œ๐—ป๐˜๐—ฒ๐—น๐—น๐—ถ-๐—ฆ๐—ฒ๐—ป๐˜€๐—ถ displays help text for all Risk Kit functions as you type. ๐—–๐˜‚๐—ฟ๐—ถ๐—ผ๐˜‚๐˜€? Risk Kit 8.3 is available ๐—ถ๐—บ๐—บ๐—ฒ๐—ฑ๐—ถ๐—ฎ๐˜๐—ฒ๐—น๐˜†. If you have questions or feedback, feel free to reach out, we are keen to hear how the update helps with your daily risk assessments! https://lnkd.in/e7RTdghN

View image

This post was originally published on LinkedIn. View and join the discussion there