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Risk.Analysis.Assessing.Uncertainties.Beyond.Expected.Values.And.Probabilities.Jul.2008

Finance

by firstlove 2010. 5. 24. 21:51

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This book is about risk analysis – basic ideas, principles and methods. Both theory
and practice are covered. A number of books exist presenting the many risk analysis
methods and tools, such as fault tree analysis, event tree analysis and Bayesian
networks. In this book we go one step back and discuss the role of the analyses in
risk management. How such analyses should be planned, executed and used, such
that they meet the professional standards for risk analyses and at the same time are
useful in a practical decision-making context. In the book we review the common
risk analysis methods, but the emphasis is placed on the context and applications.
By using examples from different areas, we highlight the various elements that are
part of the planning, execution and use of the risk analysis method. What are the
main challenges we face? What type of methods should we choose? How can we
avoid scientific mistakes? The examples used are taken from, among others, the
transport sector, the petroleum industry and ICT (Information and Communication
Technology). For each example we define a decision-making problem, and show
how the analyses can be used to provide adequate decision support. The book
covers both safety (accidental events) and security (intentional acts).

 

 

 

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