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3.15. All Articles about RiskCompound

Applies to:
@RISK 5.x–8.x

The RiskCompound( ) function seems pretty complex. Can you give me an overview?

The short answer is: RiskCompound lets you model a risk that could occur a varying number of times, with different severities—and model it in one function. The main article is first in the list below, and the others explore specialized issues.

Combining Frequency and Severity
Event or Operational Risks
For Faster Simulations (If the article opens at the top, use Ctrl+F to find RiskCompound.)

Special applications:

Correlation:

"The RiskMakeInput distribution ... may not be correlated" applies to RiskCompound also. For partial workarounds, see the next two bullets.
Correlation of RiskCompound by unpacking the severity distribution.
Correlating RiskMakeInput or RiskCompound, Approximately, by creating a nearly equivalent RiskCumul distribution.

Last edited: 2021-11-18

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