Modelling Op Risks
Quantifying Operational Risk Using Neural Networks
How can analysts build objective methodologies for modelling op risks when the critical risk factors are hidden in complex sets of data? Neural networks offer an answer that is both powerful and flexible, says Jeevan Perera.
A novel approach to quantifying op risk in financial institutions has recently emerged out of NASA’s research into modelling the reliability of micro-electromechanical systems.
The approach is not suitable for modelling every
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