Financial organizations present a natural application setting for this advanced methodology and are generally ahead of other industry groups in the development of integrated risk management systems. However, the concepts employed can assist in managing risk from any source that threatens the full achievement of the firm s strategic objectives. Overall corporate risks are managed and optimal policies identified by integrating assets, liabilities and goals. As such, its application is not limited to the financial industries but could be made in any industry. Experience has shown that the costs of overall risk protection based on an optimization-based planning system will be considerably lower than the corresponding costs derived from the usual piecemeal approach.
Protection is greater and it comes at a lower cost when pursuing an integrated approach.
The purpose of this seminar is to describe these elements, and their integration into a total planning system, to senior managers with major risk management responsibility. The concepts will be presented in an understandable manner in the context of significant real-world applications. Moreover, demonstrations of cutting-edge computerized planning systems will be given.