Monte Carlo simulation uses repeated random sampling to calculate results about physical and mathematical systems. It uses uncertainty in its inputs to generate a range of possible outcomes, which are then reported...
In an increasingly competitive and cost-sensitive environment, CROs need to be better informed on how risky a particular bid price might be (the probability of making a profit or loss)....
"At companies that have a formal ERM program -- by no means a majority – ERM is generally in a nascent stage. We believe that ERM eventually will not be...
