- Description
- Feature
- Contents
Risk Assessment and Decision Making in Business and Industry: A Practical Guide presents an accessible treatment of the procedures and technologies involved in designing and building risk-assessment processes and models.
Areas examined include:
· brokerage-house portfolio management
· legal decision making
· construction
· oil/gas exploration
· environmental assessments
· engineering
· marketing
· government
· manufacturing
The entire volume is presented as a narrative, keeping statistical jargon to a minimum and explaining all concepts, techniques, and processes in a straightforward manner.
The author emphasizes that the technical aspects of a risk-assessment and decision-making effort are secondary to the cultural, organizational, and interpersonal facets of establishing a framework.
"Practical" is the operative term throughout the text. Risk Assessment and Decision Making in Business and Industry: A Practical Guide enables readers who are not risk experts to effect an easy execution of the risk model building effort.
Conveys the fundamental principles of risk assessment and enveloping processes
Considers organizational, political, and human issues
Defines risk assessment and its implementation without esoteric mathematical/statistical details
Includes many real-life examples - explicit, easy-to-understand, practical
Presents innovative methods for decision making - covering all important elements of a problem that traditional methods might overlook
Shows how to build basic as well as advanced risk models
Chapter 1 : Introduction
Chapter 2 : Risk Assessment - Advantages
Chapter 3 : Risk Assessment - A Process
Chapter 4 : Consistency - The Key to Risk Assessment
Chapter 5 : Communication
Chapter 6 : Building a Consensus Model
Chapter 7 : Build a Contributing-Factor Diagram
Chapter 8 : Education - Critical at Three Levels
Chapter 9 : Risk-Assessment Technologies
Chapter 10 : Monte Carlo Analysis
Chapter 11 : Decisions and Distributions
Chapter 12 : Chance of Failure
Chapter 13 : Time-Series Analysis and Dependence
Chapter 14 : Risk-Weighted Values and Sensitivity Analysis
Chapter 15 : Risk Assessment Examples
