https://www.billbrown.info/tags/octave/Recent content in Octave on Bill Brown:Thoughts and Reference Material OnlineHugo -- gohugo.ioenBillBrown.infoFri, 11 Sep 2026 00:00:00 +0000https://www.billbrown.info/post/quantitative-vs-qualitative-risk-analysis-metrics-and-octave/Fri, 11 Sep 2026 00:00:00 +0000https://www.billbrown.info/post/quantitative-vs-qualitative-risk-analysis-metrics-and-octave/ <!-- SOURCE: ISSC661/forum7/forum_post_7.docx --> <h2 id="quantitative-vs-qualitative-risk-analysis-metrics-and-octave">Quantitative vs Qualitative Risk Analysis: Metrics and OCTAVE</h2> <script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-1012089347386563" crossorigin="anonymous"></script> <ins class="adsbygoogle" style="display:block" data-ad-client="ca-pub-1012089347386563" data-ad-slot="9168865232" data-ad-format="auto" data-full-width-responsive="true"></ins> <script> (adsbygoogle = window.adsbygoogle || []).push({}); </script> <h2 id="quantitative-risk-analysis">Quantitative Risk Analysis</h2> <p>Quantitative risk analysis, as described by Kim &amp; Solomon (2014), attempts to describe risk in financial terms and put a dollar value on all the elements of risk. The quantitative risk is numerically based data and has a financial data objective.</p> <p>One disadvantage to the quantitative analysis method is that many risks have values that are challenging to size as Kim &amp; Solomon (2014) point out. These consist of reputation and the availability of countermeasures. Exact numbers can be challenging to define, particularly the cost of the impact of future events.</p>