Risk Management for Businesses with Stochastic Six Sigma DMAIC Method

This practical book presents the Stochastic DMAIC Method applications to Risk Management for Businesses. The book is purposed for experienced managers, risk analysts, financial risk managers and the relating subject's degree students. The script discusses Risk Management in Software Quality, New Product Profitability, Electric Car Plant Expansion, Company's Financial Statement, Disaster Damage and Cost for Insurance, Banking Credit Loss, Company's Cash Flow and Net Present Value, and Loan Interest Rate and Payment Schedule. The book provides essential tools for Risk Management improvements in Businesses. In conclusion, Bernstein stated, "the risk will always be there, so we must explore many interesting tools that can help us to control risks we cannot avoid taking" (Bernstein and Damodaran 1998). The presented method in this book is one such tool.