Non-determinative risk simulation

Details Non-determinative risk simulation Non-determinative risk simulation

2006-05-24

2010-06-29

Trammell, James P (Department: 3694)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S038000, C705S039000, C705S042000, C705S044000

Reexamination Certificate

active

07747494

ABSTRACT:
Simulating risk circumstances can reveal new information to risk assessment personnel about how to mitigate risk. In one embodiment, the present invention includes selecting an asset from a plurality of heterogeneous assets of a business enterprise. The user can then input a plurality of simulated risk factors for the selected asset into the system which receives this input. The risk assessment system can then generate a non-determinative simulated risk score using the simulated risk factors, the simulated risk score being a simulated measure of risk associated with the selected asset if the selected asset were to be associated with the plurality of simulated risk factors.

REFERENCES:
patent: 2002/0194119 (2002-12-01), Wright et al.
patent: 2003/0153991 (2003-08-01), Visser et al.
patent: 2005/0228688 (2005-10-01), Visser et al.
patent: 2006/0265324 (2006-11-01), Leclerc et al.
patent: 2006/0265751 (2006-11-01), Cosquer et al.
patent: 2007/0067845 (2007-03-01), Wiemer et al.
patent: 2007/0067846 (2007-03-01), McFarlane et al.
patent: 2007/0067847 (2007-03-01), Wiemer et al.

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