An updated and timely new look at the theory and practice of risk management Since the first edition of Risk Modeling, Assessment, and Management was published, public interest in the field of risk analysis has grown astronomically. Its adaptation across many disciplines and its deployment by industry and government agencies in decision making has led to an unprecedented development of new theory, methodology, and practical tools. The Second Edition of this well-regarded reference describes the state of the art of risk management and its important applications in such areas as engineering, science, manufacturing, business, management, and public policy. The author strikes a balance between the quantitative and the qualitative aspects of risk management, showing clearly how to quantify risk and construct probability in conjunction with real-world decision-making problems. At the same time, he addresses a host of institutional, organizational, political, and cultural considerations. Incorporating real-world examples and case studies to illustrate the analytical methods under discussion, the book presents basic concepts as well as advanced material, avoiding higher mathematics whenever possible. Some key revisions to the Second Edition include: * A completely updated format with many new examples and problems * A new chapter on Risks of Terrorism, including case studies in transportation, water supply, infrastructure interdependencies, food safety, and a National Research Council report on terrorism * A new chapter on Risk Filtering, Ranking, and Management (RFRM), a technology co-developed by the author and supported by several case studies and examples * A new focus on minimizing the high cost associated with today's more extensive risk management Examining timely, multidisciplinary practical applications, this new edition offers an important resource for industry professionals as well as advanced graduate students in systems engineering.

Product Description: Investment in any new project invariably carries risk but theconstruction industry is subject to more risk and uncertainty thanperhaps any other industry. This guide for construction managers, project managers andquantity surveyors as well as for students shows how the riskmanagement process improves decision-making...read more

Product Description: IE-2 > FV 5E-3 > FV IE-3 > FV IE-4 > FV Trun- Total IST and IST Components Total IST FV> IE-2 Type >5E-3 > IE-3 > IE-4 >0 cated IPE Components Not Modeled in PRA Components 11 3 6 5 27 73 100 AOV 2 CV 4 21 24 16 12 77 94 171 4 6 10 HOV 4 34 158 MOV 2 5 35 33 24 25 124 43 43 MV 2 PORV 1 1 2 PUMP 12 5 6 1 3 27 9 36 54 54 SOV SRV 20 3 23 23 Total 39 17 73 61 49 45 284 313 597 ------- --- Table 2...read more

Product Description: How to apply operational risk theory to real-life banking data Modelling Operational and Reputational Risks shows practitioners the best models to use in a given situation, according to the type of risk an organization is facing. Based on extensive applied research on operational risk models using real bank datasets, it offers a wide range of various testing models and fitting techniques for financial practitioners...read more

Product Description: The scope and applicability of risk management have expanded greatly over the past decade. Banks, corporations, and public agencies employ its new technologies both in their daily operations and long-term investments. It would be unimaginable today for a global bank to operate without such systems in place...read more

Product Description: Reflecting a decade’s worth of changes, Human Safety and Risk Management, Second Edition contains new chapters addressing safety culture and models of risk as well as an extensive re-working of the material from the earlier edition...read more

Product Description: Written by a group of academics and practitioners, this guide is for construction practitioners having to manage real projects. It shows how the risk management process improves decision making in conditions of uncertainty. This new edition includes the input of the Turnbull report, as well as to introduce the concept of corporate, strategic business, and project level risk...read more

Product Description: Business Continuity Management (BCM) is broadly defined as a business process that seeks to ensure that organizations are able to withstand any disruption to normal functioning. This exciting and fully comprehensive new text tackles the issue of BCM from both a theoretical and empirical perspective...read more (view table of contents, read Amazon.com's description)

Product Description: Safety analysis can be applied as a practical tool in occupational safety. It has three main elements: the identification of hazards, the assessment of risks that arise, and the generation of measures to increase the level of safety...read more (view table of contents, read Amazon.com's description)

Product Description: This volume is intended to stimulate a change in the practice of decision support, advocating an interdisciplinary approach centred on both social and natural sciences, both theory and practice. It addresses the issue of analysis and management of uncertainty and risk in decision support corresponding to the aims of Integrated Assessment...read more (view table of contents, read Amazon.com's description)