Dennis McGrath

Title: Dennis McGrath: Innovator in Risk Tolerance Simulation

Introduction

Dennis McGrath is an accomplished inventor based in Hartland, Vermont, known for his innovative contributions to the field of risk tolerance simulation. With a total of 2 patents, McGrath has developed methods that enhance the understanding of adversary costs in distributed business processes.

Latest Patents

McGrath's latest patents focus on "Methods and apparatus for simulating risk tolerance and associated adversary costs in a distributed business process." These patents disclose methods that simulate interdependent business processes, such as financial transaction systems, in a secure and distributed manner. Each business entity involved in the process models itself on a local client device at any chosen level of detail. A simulation server connects these separate client-based simulations into one comprehensive simulation. The details of each local simulation may remain hidden from other participants, ensuring confidentiality. However, any interruptions in business flow caused by simulated disruptions are communicated to all affected participants through the simulation server. The server also collects user inputs regarding risk tolerance levels and associated response actions. If the operational costs of a selected response exceed a deterrence threshold for a specific adversary, the adversary may not be deterred from causing disruptions. Conversely, if the costs are below the threshold, the adversary is deterred.

Career Highlights

Dennis McGrath is affiliated with Norwich University Applied Research Institutes, where he applies his expertise in risk simulation to advance research and development in this critical area. His work has significant implications for businesses seeking to understand and mitigate risks in competitive environments.

Collaborations

Some of McGrath's notable coworkers include Eric W Braman and Andrew W Cutts, who contribute to the collaborative efforts in research and innovation at Norwich University Applied Research Institutes.

Conclusion

Dennis McGrath's innovative work in simulating risk tolerance and adversary costs has made a significant impact in the field of distributed business processes. His contributions continue to shape the understanding of risk management in complex systems.