Analytical Methods for Risk Management

Author: Paul R. Garvey
Publisher: CRC Press
ISBN: 9781420011395
Format: PDF, ePub, Mobi
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A Text on the Foundation Processes, Analytical Principles, and Implementation Practices of Engineering Risk Management Drawing from the author’s many years of hands-on experience in the field, Analytical Methods for Risk Management: A Systems Engineering Perspectivepresents the foundation processes and analytical practices for identifying, analyzing, measuring, and managing risk in traditional systems, systems-of-systems, and enterprise systems. Balances Risk and Decision Theory with Case Studies and Exercises After an introduction to engineering risk management, the book covers the fundamental axioms and properties of probability as well as key aspects of decision analysis, such as preference theory and risk/utility functions. It concludes with a series of essays on major analytical topics, including how to identify, write, and represent risks; prioritize risks in terms of their potential impacts on a systems project; and monitor progress when mitigating a risk’s potential adverse effects. The author also examines technical performance measures and how they can combine into an index to track an engineering system’s overall performance risk. In addition, he discusses risk management in the context of engineering complex, large-scale enterprise systems. Applies Various Methods to Risk Engineering and Analysis Problems This practical guide enables an understanding of which processes and analytical techniques are valid and how they are best applied to specific systems engineering environments. After reading this book, you will be on your way to managing risk on both traditional and advanced engineering systems.

Advanced Risk Analysis in Engineering Enterprise Systems

Author: Cesar Ariel Pinto
Publisher: CRC Press
ISBN: 1439826153
Format: PDF
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Since the emerging discipline of engineering enterprise systems extends traditional systems engineering to develop webs of systems and systems-of-systems, the engineering management and management science communities need new approaches for analyzing and managing risk in engineering enterprise systems. Advanced Risk Analysis in Engineering Enterprise Systems presents innovative methods to address these needs. With a focus on engineering management, the book explains how to represent, model, and measure risk in large-scale, complex systems that are engineered to function in enterprise-wide environments. Along with an analytical framework and computational model, the authors introduce new protocols: the risk co-relationship (RCR) index and the functional dependency network analysis (FDNA) approach. These protocols capture dependency risks and risk co-relationships that may exist in an enterprise. Moving on to extreme and rare event risks, the text discusses how uncertainties in system behavior are intensified in highly networked, globally connected environments. It also describes how the risk of extreme latencies in delivering time-critical data, applications, or services can have catastrophic consequences and explains how to avoid these events. With more and more communication, transportation, and financial systems connected across domains and interfaced with an infinite number of users, information repositories, applications, and services, there has never been a greater need for analyzing risk in engineering enterprise systems. This book gives you advanced methods for tackling risk problems at the enterprise level.

Probability Methods for Cost Uncertainty Analysis

Author: Paul R. Garvey
Publisher: CRC Press
ISBN: 148221976X
Format: PDF, ePub
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Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective, Second Edition gives you a thorough grounding in the analytical methods needed for modeling and measuring uncertainty in the cost of engineering systems. This includes the treatment of correlation between the cost of system elements, how to present the analysis to decision-makers, and the use of bivariate probability distributions to capture joint interactions between a system’s cost and schedule. Analytical techniques from probability theory are stressed, along with the Monte Carlo simulation method. Numerous examples and case discussions illustrate the practical application of theoretical concepts. While the original chapters from the first edition remain unchanged, this second edition contains new material focusing on the application of theory to problems encountered in practice. Highlights include the use of GERM to build development and production cost estimating relationships as well as the eSBM, which was developed from a need in the community to offer simplified analytical alternatives to advanced probability-based approaches. The book also lists the major technical works of the late Dr. Stephen A. Book, a mathematician and world-renowned cost analyst whose contributions advanced the theory and practice of cost risk analysis.

Analytical Methods for Energy Diversity and Security

Author: Morgan Bazilian
Publisher: Elsevier
ISBN: 9780080915319
Format: PDF, Kindle
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Analytical Methods for Energy Diversity and Security is an ideal volume for professionals in academia, industry and government interested in the rapidly evolving area at the nexus between energy and climate change policy. The cutting-edge international contributions allow for a wide coverage of the topic. Analytical Methods for Energy Diversity and Security focuses on the consideration of financial risk in the energy sector. It describes how tools borrowed from financial economic theory, in particular mean-variance portfolio theory, can provide insights on the costs and benefits of diversity, and thus inform investment decision making in conditions of uncertainty. It gives the reader an in-depth understanding of how to manage risk at a time when the world’s focus is on this area. The book provides insights from leading authorities in the area of energy security. It gives readers abundant, rigorous analysis and guidance at a critical time in facing the twin challenges of energy security and climate change. The book also highlights the role of clean energy technology in moving towards future diverse and intelligent electricity systems. It will be a trusted, first point of reference for decision-makers in the field of energy policy. The book includes a foreword by the 2007 Nobel Peace Prize winner. All royalties from sale of this book will be donated to charities working in the energy sector in the developing world. Theoretical underpinning and applied use of Portfolio theory in the energy sector In-depth consideration of risk Contributions from leading international energy economists Innovative methodologies for thinking about energy security and diversity

Engineering Tools for Environmental Risk Management

Author: Katalin Gruiz
Publisher: CRC Press
ISBN: 1317697456
Format: PDF, Docs
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This is the third volume of the five-volume book series “Engineering Tools for Environmental Risk Management”. The book series deals with the following topics: • Environmental deterioration and pollution, management of environmental problems • Environmental toxicology – a tool for managing chemical substances and contaminated environment • Assessment and monitoring tools, risk assessment • Risk reduction measures and technologies • Case studies for demonstration of the application of engineering tools The authors aim to describe interactions and options in risk management by providing a broad scientific overview of the environment, its human uses and the associated local, regional and global environmental problems; interpreting the holistic approach used in solving environmental protection issues; striking a balance between nature’s needs and engineering capabilities; understanding interactions between regulation, management and engineering; obtaining information about novel technologies and innovative engineering tools. This third volume provides an overview on the basic principles, concepts, practices and tools of environmental monitoring and contaminated site assessment. The volume focuses on those engineering tools that enable integrated site assessment and decision making and ensure an efficient control of the environment. Some topics supporting sustainable land use and efficient environmental management are listed below: • Efficient management and regulation of contaminated land and the environment; • Early warning and environmental monitoring; • Assessment of contaminated land: the best practices; • Environmental sampling; • Risk characterization and contaminated matrix assessment; • Integrated application of physical, chemical, biological, ecological and (eco) toxicological characterization methods; • Direct toxicity assessment (DTA) and decision making; • Online analyzers, electrodes and biosensors for assessment and monitoring of waters.; • In situ and real-time measurement tools for soil and contaminated sites; • Rapid on-site methods and contaminant and toxicity assessment kits; • Engineering tools from omics technologies, microsensors to heavy machinery; • Dynamic characterization of subsurface soil and groundwater using membrane interface probes, optical and X-ray fl uorescence and ELCAD wastewater characterization; • Geochemical modeling: methods and applications; • Environmental assessment using cyclodextrins. This book series focuses on the state of knowledge about the environment and its conscious and structured application in environmental engineering, management and decision making.

Metrics and Methods for Security Risk Management

Author: Carl Young
Publisher: Syngress
ISBN: 9781856179799
Format: PDF, ePub
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Security problems have evolved in the corporate world because of technological changes, such as using the Internet as a means of communication. With this, the creation, transmission, and storage of information may represent security problem. Metrics and Methods for Security Risk Management is of interest, especially since the 9/11 terror attacks, because it addresses the ways to manage risk security in the corporate world. The book aims to provide information about the fundamentals of security risks and the corresponding components, an analytical approach to risk assessments and mitigation, and quantitative methods to assess the risk components. In addition, it also discusses the physical models, principles, and quantitative methods needed to assess the risk components. The by-products of the methodology used include security standards, audits, risk metrics, and program frameworks. Security professionals, as well as scientists and engineers who are working on technical issues related to security problems will find this book relevant and useful. Offers an integrated approach to assessing security risk Addresses homeland security as well as IT and physical security issues Describes vital safeguards for ensuring true business continuity

Methods and Applications of Statistics in Business Finance and Management Science

Author: N. Balakrishnan
Publisher: John Wiley & Sons
ISBN: 0470405104
Format: PDF, Mobi
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Inspired by the Encyclopedia of Statistical Sciences, Second Edition (ESS2e), this volume presents a concise, well-rounded focus on the statistical concepts and applications that are essential for understanding gathered data in the study of business, finance, and management science. The book successfully upholds the goals of ESS2e by combining both previously-published and newly developed contributions written by over 100 leading academics, researchers, and practitioner in a comprehensive, approachable format. The result is a succinct reference that unveils modern, cutting-edge approaches to acquiring and analyzing data across diverse subject areas within these three disciplines, including risk management, mathematical finance, economics, supply chain management, derivative pricing, and resource allocation. In addition, techniques related to survey methodology, computational statistics, and operations research are discussed, where applicable. Topics of coverage include: Logistics Decision analysis Optimization Simulation Forecasting Mathematical modeling Data mining