Example models

to better understand ModelRisk

Name	Description	Difficulty	Industry	Read more
Missile development cost estimation	Risk analysis of the cost of development of a missile system	2	Technology , Utilities	View
Oil in place and reserve estimation	Risk-based estimate of the oil in place and the reserve estimate for an oil reserve	1	Energy , Engineering and construction	View
Oil reserve declining production rate model	The uncertainty of the declining production rate from an oil reserve	1	Energy , Engineering and construction	View
Nearest neighbor distance	Probability distribution of distance to a hazard occurring randomly in space	2	Statistical techniques	View
Cost of building a house	A simple model to estimate the cost of a construction project	1	Statistical techniques	View
Tranched insurance policy payout	Probability distribution of insurance payouts from a tranched policy	2	Insurance and reinsurance	View
Payout distribution for an insurance policy	Probability distribution of aggregate payout from an insurance policy with simple limits	1	Insurance and reinsurance	View
Payout distribution for complex insurance policy	Probability distribution of aggregate payout from an insurance policy with complex conditions	3	Insurance and reinsurance	View
Payout distribution for an insurance policy	Capital charge calculation for a bank to cover fraud at a defined level of coverage	4	Banking and finance , Insurance and reinsurance	View
Lifetime of a device	Determining the lifetime distribution for a system based on the life expectancy of its components	1	Statistical techniques	View
Estimating the Operational Risk (OpRisk) capital charge for a financial institute	Capital charge calculation for a bank to cover a set of operational risk events	3	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Project risk management , Retail , Statistical techniques , Technology , Utilities	View
Aggregate moments	How to calculate the moments of an aggregate distribution	3	Banking and finance , Health and epidemiology , Insurance and reinsurance , Statistical techniques	View
BMA	Using Bayesian model averaging for fitting probability models	3	Banking and finance , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Statistical techniques , Technology	View
Bounded random walk	Simple random forecast within practical limits	2	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Retail , Statistical techniques , Technology , Utilities	View
Cascading risks	Modeling a set of inter-connected risks	2	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Project risk management , Retail , Statistical techniques , Technology , Utilities	View
CLT risk portfolio approximation	Using Central Limit Theorem to give an approximate total impact from a set i=of independent risks	3	Banking and finance , Engineering and construction , Insurance and reinsurance , Statistical techniques , Technology , Utilities	View
Correlated insurance portfolio	Modeling the exposure from a portfolio of correlated insurance policies	4	Insurance and reinsurance	View
Correlated risk portfolio	Modeling a set of inter-connected risks	2	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Project risk management , Retail , Statistical techniques , Technology , Utilities	View
correlating interest and mortgage rates	Correlating two variables using the envelope method	2	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Project risk management , Retail , Statistical techniques , Technology , Utilities	View
Correlation using look-up tables	Correlating many variables using an external influencing factor	2	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Project risk management , Retail , Statistical techniques , Technology , Utilities	View
Cost model	A simple itemised cost model	1	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Project risk management , Retail , Statistical techniques , Technology , Utilities	View
Credit risk separated	Modeling credit risk where loss is a fraction of the exposure	3	Banking and finance , Insurance and reinsurance	View
Credit risk single portfolio	Modeling credit risk where loss is whole of exposure	2	Banking and finance , Insurance and reinsurance	View
Election	Translating survey data into probabilities with uncertainty	3	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Project risk management , Retail , Statistical techniques , Technology , Utilities	View
Finite market	Simple modeling technique to forecast sales for a limited market size	1	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Retail , Statistical techniques , Technology , Utilities	View
Hospital	Very simple model of a project duration	1	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Project risk management , Retail , Statistical techniques , Technology , Utilities	View
Leading indicator	Forecast technique using lead indicators with uncertainty	2	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Retail , Statistical techniques , Technology , Utilities	View
Marital status in 25 years	Forecast technique moving individuals in a population between different states with Markov chains	3	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Retail , Statistical techniques , Technology , Utilities	View
New competitors	Forecasting technique for modeling the effect on sales of a new competitor	1	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Retail , Statistical techniques , Technology , Utilities	View
NPV of a capital investment	Example business cashflow model	2	Banking and finance , Business , Energy , Engineering and construction , Pharmaceutical , Retail , Statistical techniques , Technology	View
Operational risk	Modeling the financial exposure from a set of operational risks using FFT	4	Banking and finance , Insurance and reinsurance , Statistical techniques	View
Pareto extremes	Illustration of modeling tools for determining extremes of random variables	3	Banking and finance , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Statistical techniques , Technology , Utilities	View
Poisson random walk	Simple forecast model for random events with a trend in incidence rate	2	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Retail , Statistical techniques , Technology , Utilities	View
Poisson sales with competitor	Simple forecast model where sales occur randomly and a competitor may enter the market	2	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Retail , Statistical techniques , Technology , Utilities	View
Premium calculation	Determine the premium that should be charged for an insurance policy under several different methodologies	2	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Project risk management , Retail , Statistical techniques , Technology , Utilities	View
Probability of ruin	Classic model to evaluate if and when a fund will run out of money from random claims	2	Banking and finance , Business , Insurance and reinsurance , Statistical techniques	View
Project schedule 1	Very simple Finish-Start network for project schedule	1	Project risk management	View
Projected cures		2	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Retail , Statistical techniques , Technology , Utilities	View
Loss reserve calculation for insurance companies	Runoff simulation model for outstanding claims on a fund	3	Insurance and reinsurance	View
Sales with maximum	Forecast of number of sales with limited growth	1	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Retail , Statistical techniques , Technology , Utilities	View
TV series profits	Profit estimate from a set of expanding investments	4	Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Retail , Statistical techniques , Technology , Utilities	View

Example models

to better understand ModelRisk

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