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Explore risk measurement methodologies in this 47-minute lecture from NPTEL's Strategic Sourcing course, focusing on essential risk metrics including Value at Risk (VAR) and Time to Recovery (TTR). Master the application of these quantitative tools for evaluating and managing uncertainty in strategic decision-making. Gain practical insights into risk quantification techniques and learn how to implement risk exposure indices and Failure Mode and Effects Analysis (FMEA) in real-world scenarios. Part of NPTEL's certification program, this lecture offers valuable knowledge that can be applied toward course credits in Indian Universities under UGC and AICTE guidelines.
