Risk modeling, assessment, and management

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Risk Modeling, Assessment, and Management describes the state of the art of risk analysis, a rapidly growing field with important applications in engineering, science, manufacturing, business, management, and public policy. It shows clearly 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. Presenting basic concepts as well as advanced material, avoiding higher mathematics whenever possible, and incorporating numerous examples and case studies to illustrate the analytical methods under discussion, this book unites the latest theories and methodologies from diverse disciplines. Risk Modeling, Assessment, and Management is an essential reference for professionals working in universities, industry, and government: and for anyone interested in risk analysis in virtually any discipline.