The design and construction of capital projects can be extremely complex. Uncertainty and risk add to this complexity and, as a result, many projects experience significant cost overruns and schedule ...

Igor Halperin proposes an analytical approach to calculating the tail probabilities of compound distributions that have individual components with heavy tails. This offers an alternative to more ...

Estimation of probability of default (PD), loss given default and exposure at default for portfolio segments containing reasonably homogeneous assets is essential for prudent risk management as well ...

A thoughtfully constructed QRM Master Plan translates the strategy and enables a risk-based approach. In 2009, the pharmaceutical and biopharmaceutical industry’s quality risk management (QRM) journey ...