Risk Analysis in Investment Appraisal

  title={Risk Analysis in Investment Appraisal},
  author={Savvakis C. Savvides},
  journal={Financial Accounting},
This paper was prepared for the purpose of presenting the methodology and uses of the Monte Carlo simulation technique as applied in the evaluation of investment projects to analyse and assess risk. The first part of the paper highlights the importance of risk analysis in investment appraisal. The second part presents the various stages in the application of the risk analysis process. The third part examines the interpretation of the results generated by a risk analysis application including… 

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