Example models

to better understand ModelRisk

# Name Description Difficulty Industry Read more Edition
01 Missile development cost estimation Risk analysis of the cost of development of a missile system 2 Technology , Utilities View Complete
02 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 Basic
03 Oil reserve declining production rate model The uncertainty of the declining production rate from an oil reserve 1 Energy , Engineering and construction View Basic
04 Nearest neighbor distance Probability distribution of distance to a hazard occurring randomly in space 2 Statistical techniques View Complete
05 Cost of building a house A simple model to estimate the cost of a construction project 1 Statistical techniques View Basic
06 Tranched insurance policy payout Probability distribution of insurance payouts from a tranched policy 2 Insurance and reinsurance View Complete
06a Payout distribution for an insurance policy Probability distribution of aggregate payout from an insurance policy with simple limits 1 Insurance and reinsurance View Complete
07 Payout distribution for complex insurance policy Probability distribution of aggregate payout from an insurance policy with complex conditions 3 Insurance and reinsurance View Complete
08 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 Complete
09 Lifetime of a device Determining the lifetime distribution for a system based on the life expectancy of its components 1 Statistical techniques View Complete
10 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 Complete
30 Aggregate moments How to calculate the moments of an aggregate distribution 3 Banking and finance , Health and epidemiology , Insurance and reinsurance , Statistical techniques View Complete
31 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 Complete
32 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 Basic
33 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 Basic
34 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 Complete
35 Correlated insurance portfolio Modeling the exposure from a portfolio of correlated insurance policies 4 Insurance and reinsurance View Complete
36 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 Basic
37 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 Basic
38 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 Complete
39 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 Basic
40 Credit risk separated Modeling credit risk where loss is a fraction of the exposure 3 Banking and finance , Insurance and reinsurance View Complete
41 Credit risk single portfolio Modeling credit risk where loss is whole of exposure 2 Banking and finance , Insurance and reinsurance View Complete
43 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 Complete
46 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 Basic
50 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 Basic
52 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 Basic
53 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 Complete
60 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 Basic
61 NPV of a capital investment Example business cashflow model 2 Banking and finance , Business , Energy , Engineering and construction , Pharmaceutical , Retail , Statistical techniques , Technology View Complete
62 Operational risk Modeling the financial exposure from a set of operational risks using FFT 4 Banking and finance , Insurance and reinsurance , Statistical techniques View Complete
64 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 Complete
65 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 Basic
66 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 Basic
71 Precision control How to ensure a model keeps running until it has achieved sufficient precision 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 Complete
72 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 Complete
73 Project schedule 1 Very simple Finish-Start network for project schedule 1 Project risk management View Basic
76 Projected cures 2 Banking and finance , Business , Energy , Engineering and construction , Health and epidemiology , Insurance and reinsurance , Pharmaceutical , Retail , Statistical techniques , Technology , Utilities View Complete
79 Loss reserve calculation for insurance companies Runoff simulation model for outstanding claims on a fund 3 Insurance and reinsurance View Complete
80 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 Basic
84 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 Complete

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