The amazing future of risk management – SIPs and SLURPs

  http://ProbabilityManagement.org advocates a corporate framework in which organizations maintain libraries of official distributions for key uncertain quantities, which can be exchanged between model builders so that all models rely on common assumptions. Each univariate Monte Carlo sample is collected into a unit called a Stochastic Information Packet (SIP), which is a textual XML snippet containing a… Continue reading The amazing future of risk management – SIPs and SLURPs