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Unified Governance and Planning for High Impact Events in Finance, Climate and Those Caused by Malice

Author

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  • Joseph Erl

    (2007-2009, Mobilicity Ltd)

Abstract

In 2007, the US Transportation Security Administration agency said Boeing would use its Monte Carlo simulation model “to identify U.S. commercial aviation system vulnerabilities against a wide variety of attack scenarios.” The Boeing and TSA team that crafted the model said that because of the Monte Carlo method’s success, the agency is considering extending its use to the analysis of policy problems outside the realm of security. Perplexed by the complexity implied by the above announcement, I started looking for simpler ways of achieving the TSA objectives. Here are some of the conclusions.

Suggested Citation

  • Joseph Erl, 2009. "Unified Governance and Planning for High Impact Events in Finance, Climate and Those Caused by Malice," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 5, pages 585-590.
    • Handle: RePEc:osi:journl:v:5:y:2009:p:585-590
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    Keywords

    finance; transportation;

    JEL classification:

    • L93 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Air Transportation

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