Everything You Need To Know About Mining Financial Risk Modelling
The field of mining can be full of risk and calculated decision-making. Having the right tools, including risk modelling tools, can make all the difference between success and failure. Here's what you need to know about mining financial risk modelling.
What is risk modelling?
Risk modelling is the process of quantifying the risk of an event occurring. It involves the use of mathematical models to identify and measure risk and develop strategies for managing it.