Principles of risk analysis: decision making under uncertainty

✍ Scribed by Yoe, Charles E

• Publisher: CRC Press
• Year: 2019
• Tongue: English
• Leaves: 849
• Edition: Second edition
• Category: Library

✦ Synopsis

The field of risk science continues to expand and grow and the second edition of Principles of Risk Analysis: Decision Making Under Uncertainty responds to several significant changes in the market. The changes identified will be addressed through the addition of several new chapters. The language will be updated throughout the text and the book features several areas of expansion. As before, this book will continue to appeal to professionals who want to learn and apply risk science in their own professions. Remaining a discipline free guide to the principles of risk analysis that is accessible to all interested practitioners will remain a hallmark of this book.  Read more...

Abstract: The field of risk science continues to expand and grow and the second edition of Principles of Risk Analysis: Decision Making Under Uncertainty responds to several significant changes in the market. The changes identified will be addressed through the addition of several new chapters. The language will be updated throughout the text and the book features several areas of expansion. As before, this book will continue to appeal to professionals who want to learn and apply risk science in their own professions. Remaining a discipline free guide to the principles of risk analysis that is accessible to all interested practitioners will remain a hallmark of this book

✦ Table of Contents

Content: Cover
Half Title
Title Page
Copyright Page
Dedication
Contents
Preface
About the Author
Chapter 1: The Basics
1.1 What is Risk?
1.2 How Do We Identify a Risk?
1.2.1 Trigger
1.2.2 Hazard or Opportunity
1.2.3 Consequence
1.2.4 Sequence of Events
1.2.5 Uncertainty
1.3 What is Risk Analysis?
1.3.1 Risk Management
1.3.2 Risk Assessment
1.3.3 Risk Communication
1.3.4 Risk Semantics
1.4 Why Do Risk Analysis?
1.5 Who Does Risk Analysis?
1.5.1 A Brief Historical Perspective on Risk Analysis
1.5.2 Government Agencies
1.5.3 Private Sector
1.6 When Should We Do Risk Analysis? 1.7 Organization of Book1.8 Summary and Look Forward
References
Chapter 2: Uncertainty
2.1 Introduction
2.2 Uncertainty from 75,000 Feet
2.3 The Uncertainty on Your Desk
2.3.1 Knowledge Uncertainty or Natural Variability?
2.3.2 Types of Uncertainty
2.3.3 Quantity Uncertainty
2.3.3.1 Empirical Quantities
2.3.3.2 Defined Constants
2.3.3.3 Decision Variables
2.3.3.4 Value Parameters
2.3.3.5 Index Variables
2.3.3.6 Model Domain Parameters
2.3.3.7 Outcome Criteria
2.3.4 Sources of Uncertainty in Empirical Quantities
2.3.4.1 Random Error and Statistical Variation 2.3.4.2 Systematic Error and Subjective Judgment2.3.4.3 Linguistic Imprecision
2.3.4.4 Natural Variability
2.3.4.5 Randomness and Unpredictability
2.3.4.6 Disagreement
2.3.4.7 Approximation
2.4 Being Intentional about Uncertainty
2.5 Summary and Look Forward
References
Chapter 3: Risk Management
3.1 Introduction
3.2 Identifying Risks
3.2.1 Problem Recognition
3.2.2 Problem Acceptance
3.2.3 Problem Definition
3.2.4 From Problems and Opportunities to Risks
3.3 Risk Estimation
3.3.1 Establish a Risk Analysis Process
3.3.2 Individual Risk Management Activities 3.3.2.1 Develop a Risk Profile3.3.2.2 Establish Risk Management Objectives
3.3.2.3 Decide the Need for a Risk Assessment
3.3.2.4 Request Information Needed
3.3.2.5 Initiate the Risk Assessment
3.3.2.6 Consider the Results of the Risk Assessment
3.4 Risk Evaluation
3.4.1 Principles for Establishing Acceptable and Tolerable Levels of Risk
3.4.1.1 Policy
3.4.1.2 Zero Risk
3.4.1.3 Weight of Evidence
3.4.1.4 Precautionary Principle
3.4.1.5 ALARA Principle
3.4.1.6 Appropriate Level of Protection
3.4.1.7 Reasonable Relationship
3.4.1.8 Safety and Balancing Standards
3.4.2 The Decision 3.5 Risk Control3.5.1 Formulating Risk Management Options
3.5.2 Evaluating Risk Management Options
3.5.2.1 Comparison Methods
3.5.3 Comparing Risk Management Options
3.5.3.1 Multicriteria Decision Analysis
3.5.4 Making a Decision
3.5.5 Identifying Decision Outcomes
3.5.6 Implementing the Decision
3.6 Risk Monitoring
3.6.1 Monitoring
3.6.2 Evaluation and Iteration
3.7 Risk Communication
3.8 Risk Management Models
3.9 Summary and Look Forward
References
Chapter 4: Risk Assessment
4.1 Introduction
4.2 What Makes a Good Risk Assessment?
4.3 Risk Assessment Defined

✦ Subjects

Decision making;Risk assessment;BUSINESS & ECONOMICS / Industrial Management;BUSINESS & ECONOMICS / Management;BUSINESS & ECONOMICS / Management Science;BUSINESS & ECONOMICS / Organizational Behavior;TECHNOLOGY / Food Science;TECHNOLOGY / Quality Control