Scenario Logic and Probabilistic Management of Risk in Business and Engineering (Applied Optimization)

Scenario Logic and Probabilistic Management of Risk in Business and Engineering (Applied Optimization), 9781402029776 (1402029772), Springer, 2004

To the author’s knowledge the risk phenomenon in complex technical,
economic and organizational systems is not completely recognized in
the scientific plane and is not also resolved satisfactory for needs of applications,
despite the fact that in complex systems non-success occurs
rather often with human victims and large economic losses. The management
risk problem is current and challenging; it forces us to carry out
new investigations and to seek new solutions for quantitative estimation
and analysis of risk.

Risk is quantitative measure such fundamental properties of systems
and objects as safety, reliability, effectiveness, quality and accuracy.
Risk is also quantitative measure of non-success of such processes and
actions as classification, investment, designing, tests, operation, training,
development, management, etc.

In the listed subject fields we shall consider three different statements
of mathematical tasks of optimization by management of risk —
of interest will be risk in problems of classification, investment and effectiveness.

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