Risk Modeling, Assessment, and Management; CONTENTS; Preface; Acknowledgments; Part I. Fundamentals of Risk Modeling, Assessment, and Management; 1. The Art and Science of Systems and Risk Analysis; 2. The Role of Modeling in the Risk Analysis Process; 3. Identifying Risk Through Hierarchical Holographic Modeling; 4. Decision Analysis; 5. Multiobjective Trade-off Analysis; 6. Defining Uncertainty and Sensitivity Analysis; 7. Risk Filtering, Ranking, and Management; Part II. Advances in Risk Modeling, Assessment, and Management; 8. Risk of Extreme Events and the Fallacy of Expected Value.
Integrates the art and science of risk analysis.; Clearly shows how to quantify risk and construct probability in conjunction with real-world decision-making problems, including a host of institutional, organizational, political, and cultural considerations.; Presents basic concepts as well as advanced material, avoiding higher mathematics whenever possible.; Incorporates numerous examples and case studies to illustrate the analytical methods under discussion.; An accompanying web site will offer 200 example problems and case studies.