Description
Exciting new developments in risk assessment and management
Risk assessment and management is fundamentally founded on the knowledge available on the system or process under consideration. While this may be self-evident to the laymen, thought leaders within the risk community have come to recognize and emphasize the need to explicitly incorporate knowledge (K) in a systematic, rigorous, and transparent framework for describing and modeling risk.
Featuring contributions by an international team of researchers and respected practitioners in the field, this book explores the latest developments in the ongoing effort to use risk assessment as a means for characterizing knowledge and/or lack of knowledge about a system or process of interest. By offering a fresh perspective on risk assessment and management, the book represents a significant contribution to the development of a sturdier foundation for the practice of risk assessment and for risk-informed decision making.
How should K be described and evaluated in risk assessment? How can it be reflected and taken into account in formulating risk management strategies? With the help of numerous case studies and real-world examples, this book answers these and other critical questions at the heart of modern risk assessment, while identifying many practical challenges associated with this explicit framework.
This book, written by international scholars and leaders in the field, and edited to ma
Chapter
1.5 Useof the Risk Assessment
Chapter 2 The Enigma of Knowledge in the Risk Field
2.2 Introduction to Case Studies
2.3 Perspectives on Knowledge
2.4 Discussion – New Insights for the Risk Analysis Field
Chapter 3 Treatment and Communication of Uncertain Assumptions in (Semi-)quantitative Risk Assessments
3.2 A Formal Setup Connecting Risk and Related Concepts
3.4 Systematising Uncertain Assumptions
3.5 Uncertain Assumptions in Risk Assessments: The Risk Analyst Perspective
3.6 Communicating Uncertain Assumptions
3.7 Uncertain Assumptions in Risk Management: The Risk Manager Perspective
3.8 Discussion and Concluding Remarks
Chapter 4 Critical Slowing-down Framework for Monitoring Early Warning Signs of Surprise and Unforeseen Events
4.2 System Dynamics and Critical Slowing‐down Signals
4.3 EWS-SUE Monitoring Framework
4.4 Illustrative Examples
4.5 Some Reflections on Illustrative Examples
4.6 Summary and Conclusions
Chapter 5 Improving the Foundation and Practice of Uncertainty Analysis: Strengthening Links to Knowledge and Risk
5.2 The Uncertainty Analysis Framework
5.3 Use of the Framework: An Example
Chapter 6 Completeness Uncertainty: Conceptual Clarification and Treatment
6.2 Completeness Uncertainty in Detail
6.3 Understanding and Treating “Completeness Uncertainty”
6.4 Risk Sources as Model Uncertainty
Chapter 7 Quality of Risk Assessment: Definition and Verification
7.3 Theoretical Formulation of the Challenge
7.4 Reliability and Validity Issues
Chapter 8 Knowledge-driven System Simulation for Scenario Analysis in Risk Assessment
Part II Risk Assessment and Decision Making
Chapter 9 A Decision Support Method for Prioritizing Investments Subject to Uncertainties
Chapter 10 Risk Analysis under Structural Uncertainty
10.2 The Ten Components of Structuring
Chapter 11 A Practical Approach to Risk Assessments from Design to Operation of Offshore Oil and Gas Installations
11.3 The Traditional Approach
11.4 The Alternative Approach
11.5 Input to Evaluation in Design, Operation and Barrier Management
Chapter 12 A Semi-quantitative Approach for Assessment of Risk Trends in the Norwegian Oil and Gas Industry
12.2 Review of Trend Detection Method
12.3 Discussion of the Current Trend Detection Method
12.4 A Semi-quantitative Approach for Assessment of Risk Trends
12.5 Example: Application of the Extended Approach
Chapter 13 Knowledge Engineering at a Risk-informed Regulatory Agency: Challenges and Suggestions
Acronyms and Abbreviations
13.2 Risk-related KE Challenges from a User’s Perspective
13.3 The Promise of Advancing Technology
13.4 A Recent Exploration
13.5 Conclusions and Suggestions for Future Developments
Knowledge in Risk Assessment and Management
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