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Dec 05, 2025
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ITOM 6232 - Risk Management and Strategic Options
Credits: 2
Covers aspects of decision trees, Monte Carlo simulation, dynamic programming, contingent claims analysis, and scenario planning to formalize a rigorous approach to the management of risks in a business context. It uses the logic behind the pricing of options, to help managers deal with risks embedded in the use of real assets. Emphasis is placed on taking advantage of the up-side of uncertainty, and the application of rigorous approaches to thinking through “optionality” in the real world when efficient markets for options on the underlying uncertainty do not exist. Prerequisites: MAST 6474 or MAST 6478 ; and ITOM 6202 .
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