Book Statistics
1 Views
0 Comments
0 Rating

Scenario Logic and Probabilistic Management of Risk in Business and Engineering

Description

The book proposes a uniform logic and probabilistic (LP) approach to risk estimation and analysis in engineering and economics. It covers the methodological and theoretical basis of risk management at the design, test, and operation stages of economic, banking, and engineering systems with groups of incompatible events (GIE).

Key features of this Second Edition:

-Five new chapters

-Treatment of the basic principles of the modern risk LP theory (the LP-calculus, the LP-methods and the risk LP-theory with GIE) using uniform methodology and terminology with a practical orientation towards both engineering and economics, for the first time in book form

-Clear definitions and notations, revised sections and chapters, an extended list of references, and a new subject index

-More than a hundred illustrations and tables which motivate the presentation

Specialists in risk management in economics, banking and business, as well as graduates and post-graduates in economics and engineering, will benefit from this book.

Keywords

cortege algebra structural risk model orthogonal disjunctive normal form probabilistic risk models bribe model probabilistic management security portfolio risk quality loss risk admitted yield credit risk estimation perfect disjunctive normal form average credit risk incompatible events scenario logic railway segment structurally complex systems structural designing debugging tests admitted risk adjusting influences derivative events portfolio conditions insurance tariff taking dependence dangerous credits

Download & Read Options

Scenario Logic and Probabilistic Management of Risk in Business and Engineering.pdf

PDF

Reader's Comments (0)

Login to Comment
No Comments Yet

Be the first to share your thoughts about this book!