Table 4 Generic risk analysis tools and techniques17.

From: Identification and prioritization of risks for new entrants in automobile sector using Monte Carlo based approach

Qualitative

Quantitative

Risk probability and impact assessment

Data gathering and representation technique

Probability and impact matrix

Quantitative risk analysis and modeling techniques

Risk data quality assessment

Sensitivity analysis

Risk categorization

Expected monetary value (EMV) analysis

Risk urgency assessment

Decision tree analysis

Expert judgement

Expert judgement

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