{"product_id":"risk-analysis-assessing-uncertainties-beyond-expected-values-and-probabilities-hardback-9780470517369","title":"Risk Analysis; Assessing Uncertainties Beyond Expected Values and Probabilities (Hardback) 9780470517369","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eRisk Analysis\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eAssessing Uncertainties Beyond Expected Values and Probabilities\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eTerje Aven (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780470517369, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 8 April 2008\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e208 pages\u003cbr\u003e23.6 x 16.4 x 1.6 cm, 0.482 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"This book provides accessible and concise guidance to the process of planning, execution and use of risk analysis in the context of risk management, with minimal prior knowledge required.\"(\u003ci\u003eJournal of Applied Statistics\u003c\/i\u003e, August 2009)  \u003cp\u003e\"The author has been successful in presenting the subject of risk analysis effectively. The reviewer would like to recommend this book to all those who would like to know about risk analysis and how it can be performed in practical situations.\" (\u003ci\u003eInternational Journal of Performability Engineering\u003c\/i\u003e, January 2009)\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eEveryday we face decisions that carry an element of risk and uncertainty. The ability to analyze, predict, and prepare for the level of risk entailed by these decisions is, therefore, one of the most constant and vital skills needed for analysts, scientists and managers.  \u003cp\u003eRisk analysis can be defined as a systematic use of information to identify hazards, threats and opportunities, as well as their causes and consequences, and then express risk. In order to successfully develop such a systematic use of information, those analyzing the risk need to understand the fundamental concepts of risk analysis and be proficient in a variety of methods and techniques. \u003ci\u003eRisk Analysis\u003c\/i\u003e adopts a practical, predictive approach and guides the reader through a number of applications.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eRisk Analysis:\u003c\/b\u003e\u003c\/p\u003e \u003cul type=\"disc\"\u003e \u003cli\u003eProvides an accessible and concise guide to performing risk analysis in a wide variety of fields, with minimal prior knowledge required.\u003c\/li\u003e \u003cli\u003eAdopts a broad perspective on risk, with focus on predictions and highlighting uncertainties beyond expected values and probabilities, allowing a more flexible approach than traditional statistical analysis.\u003c\/li\u003e \u003cli\u003eAcknowledges that expected values and probabilities could produce poor predictions -   surprises may occur.  \u003c\/li\u003e \u003cli\u003eEmphasizes the planning and use of risk analyses, rather than just the risk analysis methods and techniques, including the statistical analysis tools.\u003c\/li\u003e \u003cli\u003eFeatures many real-life case studies from a variety of applications and practical industry problems, including areas such as security, business and economy, transport, oil \u0026amp; gas and ICT (Information and Communication Technology).\u003c\/li\u003e \u003cli\u003eForms an ideal companion volume to Aven’s previous Wiley text \u003ci\u003eFoundations of Risk Analysis\u003c\/i\u003e.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eProfessor Aven’s previous book \u003ci\u003eFoundations of Risk Analysis\u003c\/i\u003e presented and discussed several risk analysis approaches and recommended a predictive approach. This new text expands upon this predictive approach, exploring further the risk analysis principles, concepts, methods and models in an applied format. This book provides a useful and practical guide to decision-making, aimed at professionals within the risk analysis and risk management field.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cb\u003ePreface.\u003c\/b\u003e  \u003cp\u003e\u003cb\u003ePart I: Theory and methods.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 What is a risk analysis?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Why risk analysis?.\u003c\/p\u003e \u003cp\u003e1.2 Risk management.\u003c\/p\u003e \u003cp\u003e1.2.1 Decision-making under uncertainty.\u003c\/p\u003e \u003cp\u003e1.3 Examples: decision situations.\u003c\/p\u003e \u003cp\u003e1.3.1 Risk analysis for a tunnel.\u003c\/p\u003e \u003cp\u003e1.3.2 Risk analysis for an offshore installation.\u003c\/p\u003e \u003cp\u003e1.3.3 Risk analysis related to a cash depot.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 What is risk?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Vulnerability.\u003c\/p\u003e \u003cp\u003e2.2 How to describe risk quantitatively.\u003c\/p\u003e \u003cp\u003e2.2.1 Description of risk in a financial context.\u003c\/p\u003e \u003cp\u003e2.2.2 Description of risk in a safety context.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 The risk analysis process: planning.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Problem definition.\u003c\/p\u003e \u003cp\u003e3.2 Selection of analysis method.\u003c\/p\u003e \u003cp\u003e3.2.1 Checklist-based approach.\u003c\/p\u003e \u003cp\u003e3.2.2 Risk-based approach.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 The risk analysis process: risk assessment.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Identification of initiating events.\u003c\/p\u003e \u003cp\u003e4.2 Cause analysis.\u003c\/p\u003e \u003cp\u003e4.3 Consequence analysis.\u003c\/p\u003e \u003cp\u003e4.4 Probabilities and uncertainties.\u003c\/p\u003e \u003cp\u003e4.5 Risk picture: Risk presentation.\u003c\/p\u003e \u003cp\u003e4.5.1 Sensitivity and robustness analyses.\u003c\/p\u003e \u003cp\u003e4.5.2 Risk evaluation.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 The risk analysis process: risk treatment.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Comparisons of alternatives.\u003c\/p\u003e \u003cp\u003e5.1.1 How to assess measures?\u003c\/p\u003e \u003cp\u003e5.2 Management review and judgement.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Risk analysis methods.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Coarse risk analysis.\u003c\/p\u003e \u003cp\u003e6.2 Job safety analysis.\u003c\/p\u003e \u003cp\u003e6.3 Failure modes and effects analysis.\u003c\/p\u003e \u003cp\u003e6.3.1 Strengths and weaknesses of an FMEA.\u003c\/p\u003e \u003cp\u003e6.4 Hazard and operability studies.\u003c\/p\u003e \u003cp\u003e6.5 SWIFT.\u003c\/p\u003e \u003cp\u003e6.6 Fault tree analysis.\u003c\/p\u003e \u003cp\u003e6.6.1 Qualitative analysis.\u003c\/p\u003e \u003cp\u003e6.6.2 Quantitative analysis.\u003c\/p\u003e \u003cp\u003e6.7 Event tree analysis.\u003c\/p\u003e \u003cp\u003e6.7.1 Barrier block diagrams.\u003c\/p\u003e \u003cp\u003e6.8 Bayesian networks.\u003c\/p\u003e \u003cp\u003e6.9 Monte Carlo simulation.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Examples of applications.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Safety measures for a road tunnel.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Planning.\u003c\/p\u003e \u003cp\u003e7.1.1 Problem definition.\u003c\/p\u003e \u003cp\u003e7.1.2 Selection of analysis method.\u003c\/p\u003e \u003cp\u003e7.2 Risk assessment.\u003c\/p\u003e \u003cp\u003e7.2.1 Identification of initiating events.\u003c\/p\u003e \u003cp\u003e7.2.2 Cause analysis.\u003c\/p\u003e \u003cp\u003e7.2.3 Consequence analysis.\u003c\/p\u003e \u003cp\u003e7.2.4 Risk picture.\u003c\/p\u003e \u003cp\u003e7.3 Risk treatment.\u003c\/p\u003e \u003cp\u003e7.3.1 Comparison of alternatives.\u003c\/p\u003e \u003cp\u003e7.3.2 Management review and decision.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Risk analysis process for an offshore installation.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Planning.\u003c\/p\u003e \u003cp\u003e8.1.1 Problem definition.\u003c\/p\u003e \u003cp\u003e8.1.2 Selection of analysis method.\u003c\/p\u003e \u003cp\u003e8.2 Risk analysis.\u003c\/p\u003e \u003cp\u003e8.2.1 Hazard identification.\u003c\/p\u003e \u003cp\u003e8.2.2 Cause analysis.\u003c\/p\u003e \u003cp\u003e8.2.3 Consequence analysis.\u003c\/p\u003e \u003cp\u003e8.3 Risk picture and comparison of alternatives.\u003c\/p\u003e \u003cp\u003e8.4 Management review and judgement.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Production assurance.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Planning.\u003c\/p\u003e \u003cp\u003e9.2 Risk analysis.\u003c\/p\u003e \u003cp\u003e9.2.1 Identification of failures.\u003c\/p\u003e \u003cp\u003e9.2.2 Cause analysis.\u003c\/p\u003e \u003cp\u003e9.2.3 Consequence analysis.\u003c\/p\u003e \u003cp\u003e9.3 Risk picture and comparison of alternatives.\u003c\/p\u003e \u003cp\u003e9.4 Management review and judgement. Decision.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Risk analysis process for a cash depot.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Planning.\u003c\/p\u003e \u003cp\u003e10.1.1 Problem definition.\u003c\/p\u003e \u003cp\u003e10.1.2 Selection of analysis method.\u003c\/p\u003e \u003cp\u003e10.2 Risk analysis.\u003c\/p\u003e \u003cp\u003e10.2.1 Identification of hazards and threats.\u003c\/p\u003e \u003cp\u003e10.2.2 Cause analysis.\u003c\/p\u003e \u003cp\u003e10.2.3 Consequence analysis.\u003c\/p\u003e \u003cp\u003e10.3 Risk picture.\u003c\/p\u003e \u003cp\u003e10.4 Risk-reducing measures.\u003c\/p\u003e \u003cp\u003e10.4.1 Relocation of the NOKAS facility.\u003c\/p\u003e \u003cp\u003e10.4.2 Erection of a wall.\u003c\/p\u003e \u003cp\u003e10.5 Management review and judgment. Decision.\u003c\/p\u003e \u003cp\u003e10.6 Discussion.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Risk analysis process for municipalities.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Planning .\u003c\/p\u003e \u003cp\u003e11.1.1 Problem definition.\u003c\/p\u003e \u003cp\u003e11.1.2 Selection of analysis method.\u003c\/p\u003e \u003cp\u003e11.2 Risk assessment.\u003c\/p\u003e \u003cp\u003e11.2.1 Hazard and threat identification.\u003c\/p\u003e \u003cp\u003e11.2.2 Cause and consequence analysis. Risk picture.\u003c\/p\u003e \u003cp\u003e11.3 Risk treatment.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Risk analysis process for the entire enterprise.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Planning.\u003c\/p\u003e \u003cp\u003e12.1.1 Problem definition.\u003c\/p\u003e \u003cp\u003e12.1.2 Selection of analysis method.\u003c\/p\u003e \u003cp\u003e12.2 Risk analysis.\u003c\/p\u003e \u003cp\u003e12.2.1 Price risk.\u003c\/p\u003e \u003cp\u003e12.2.2 Operational risk.\u003c\/p\u003e \u003cp\u003e12.2.3 Health, Environment and Safety (HES).\u003c\/p\u003e \u003cp\u003e12.2.4 Reputation risk.\u003c\/p\u003e \u003cp\u003e12.3 Overall risk picture.\u003c\/p\u003e \u003cp\u003e12.4 Risk treatment.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 Discussion.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Risk analysis as a decision support tool.\u003c\/p\u003e \u003cp\u003e13.2 Risk is more than the calculated probabilities and expected values.\u003c\/p\u003e \u003cp\u003e13.3 Risk analysis has both strengths and weaknesses.\u003c\/p\u003e \u003cp\u003e13.3.1 Precision of a risk analysis: uncertainty and sensitivity analysis.\u003c\/p\u003e \u003cp\u003e13.3.2 Terminology.\u003c\/p\u003e \u003cp\u003e13.3.3 Risk acceptance criteria (tolerability limits).\u003c\/p\u003e \u003cp\u003e13.4 Reflection on approaches, methods and results.\u003c\/p\u003e \u003cp\u003e13.5 Limitations of the causal chain approach.\u003c\/p\u003e \u003cp\u003e13.6 Risk perspectives.\u003c\/p\u003e \u003cp\u003e13.7 Scientific basis.\u003c\/p\u003e \u003cp\u003e13.8 The implications of the limitations of risk assessment.\u003c\/p\u003e \u003cp\u003e13.9 Critical systems and activities.\u003c\/p\u003e \u003cp\u003e13.10 Conclusions.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eA Probability calculus and statistics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA.1 The meaning of a probability.\u003c\/p\u003e \u003cp\u003eA.2 Probability calculus.\u003c\/p\u003e \u003cp\u003eA.3 Probability distributions: expected value.\u003c\/p\u003e \u003cp\u003eA.3.1 Binomial distribution.\u003c\/p\u003e \u003cp\u003eA.4 Statistics (Bayesian statistics).\u003c\/p\u003e \u003cp\u003e\u003cb\u003eB Introduction to reliability analysis.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eB.1 Reliability of systems composed of components.\u003c\/p\u003e \u003cp\u003eB.2 Production system.\u003c\/p\u003e \u003cp\u003eB.3 Safety system.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eC Approach for selecting risk analysis methods.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eC.1 Expected consequences.\u003c\/p\u003e \u003cp\u003eC.2 Uncertainty factors.\u003c\/p\u003e \u003cp\u003eC.3 Frame conditions.\u003c\/p\u003e \u003cp\u003eC.4 Selection of a specific method.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eD Terminology.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eD.1 Risk management: relationships between key terms.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eBibliography.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIndex.\u003c\/b\u003e\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Mathematics [\u003ca title=\"See our other books on Mathematics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Mathematics%20%5BPB%5D%22\"\u003ePB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52276349763864,"sku":"9780470517369","price":77.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780470517369.jpg?v=1781366790","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/risk-analysis-assessing-uncertainties-beyond-expected-values-and-probabilities-hardback-9780470517369","provider":"Freshly Printed Books","version":"1.0","type":"link"}