
xi
Preface
This book is about building spreadsheet models to support decisions involv-
ing risk. There are a number of excellent books on this subject, but we felt
the need for (1) a book that incorporates some of the latest techniques and
methods in risk modeling that are not covered by other books, and (2) a book
aimed at practitioners, with many practical real-world examples. Risk ana-
lytics is a rapidly developing eld, and we have strived to present examples
that illustrate the power of numerous techniques and methods that are not
yet very common. Our experience with people who need to use these tools
“in the eld” is that they need mater ...