Risk Modeling, Assessment, and Management, Fourth Edition

  • 17h 42m
  • Yacov Y. Haimes (ed)
  • John Wiley & Sons (US)
  • 2016

Presents systems-based theory, methodology, and applications in risk modeling, assessment, and management

This book examines risk analysis, focusing on quantifying risk and constructing probabilities for real-world decision-making, including engineering, design, technology, institutions, organizations, and policy. The author presents fundamental concepts (hierarchical holographic modeling; state space; decision analysis; multi-objective trade-off analysis) as well as advanced material (extreme events and the partitioned multi-objective risk method; multi-objective decision trees; multi-objective risk impact analysis method; guiding principles in risk analysis); avoids higher mathematics whenever possible; and reinforces the material with examples and case studies. The book will be used in systems engineering, enterprise risk management, engineering management, industrial engineering, civil engineering, and operations research.

The fourth edition of Risk Modeling, Assessment, and Management features:

  • Expanded chapters on systems-based guiding principles for risk modeling, planning, assessment, management, and communication; modeling interdependent and interconnected complex systems of systems with phantom system models; and hierarchical holographic modeling
  • An expanded appendix including a Bayesian analysis for the prediction of chemical carcinogenicity, and the Farmer’s Dilemma formulated and solved using a deterministic linear model
  • Updated case studies including a new case study on sequential Pareto-optimal decisions for emergent complex systems of systems

Risk Modeling, Assessment, and Management, Fourth Edition, is written for both undergraduate and graduate students in systems engineering and systems management courses. The text also serves as a resource for academic, industry, and government professionals in the fields of homeland and cyber security, healthcare, physical infrastructure systems, engineering, business, and more.

About the Editor

Yacov Y. Haimes, PhD., is the Lawrence R. Quarles Professor at the School of Engineering and Applied Science, University of Virginia, Charlottesville, and is a member of the Systems and Information Engineering faculty. He is the Founding Director (1987) of the university-wide Center for Risk Management of Engineering Systems. On the faculty of Case Western Reserve University, Cleveland, for 17 years, he was the Chair of the Systems Engineering Department, and Director of the Center for Large-Scale Systems and Policy Analysis.

In this Book

  • The Art and Science of Systems and Risk Analysis
  • The Role of Modeling in the Definition and Quantification of the Risk Function
  • Identifying Risk through Hierarchical Holographic Modeling and Its Derivatives
  • Modeling and Decision Analysis
  • Multiobjective Trade-Off Analysis
  • Defining Uncertainty and Sensitivity Analysis
  • Risk Filtering, Ranking, and Management
  • Risk of Extreme Events and the Fallacy of the Expected Value
  • Multiobjective Decision-Tree Analysis
  • Multiobjective Risk Impact Analysis Method
  • Statistics of Extremes: Extension of the PMRM
  • Systems-Based Guiding Principles for Risk Modeling, Planning, Assessment, Management, and Communication
  • Fault Trees
  • Multiobjective Statistical Method
  • Principles and Guidelines for Project Risk Management
  • Modeling Complex Systems of Systems with Phantom System Models
  • Adaptive Two-Player Hierarchical Holographic Modeling Game for Counterterrorism Intelligence Analysis
  • Inoperability Input–Output Model and Its Derivatives for Interdependent Infrastructure Sectors
  • Case Studies
SHOW MORE
FREE ACCESS

YOU MIGHT ALSO LIKE

Rating 4.6 of 364 users Rating 4.6 of 364 users (364)
Rating 4.4 of 148 users Rating 4.4 of 148 users (148)
Rating 4.6 of 219 users Rating 4.6 of 219 users (219)