This issue is the second in a two-part series looking at what's new aboutscenario planning and development. The first part (Vol. 31 No. 1) was devotedto innovative scenario methodologies for managing discontinuity in the nearterm, a concept practiced by only a few leading firms

This study produces an attempt to estimate the cost of future global energy supplies. The approach chosen to address this concern relies on a comparative static exercise of estimating the cost of three energy scenarios representing different energy futures. The first scenario, the business as...

The impact of a stress scenario of default events on the loss distribution of a credit portfolio can be assessed by determining the loss distribution conditional on these events. While it is conceptually easy to estimate loss distributions conditional on default events by means of Monte Carlo...