It has been found that risk analyses carried out in accordance with the European Standards and reflecting the specific detail of each application has led to a great escalation of cost of safety approval. Producing a separate risk analysis for each installation in a country increases the costs without discernable benefit. There is scope for making substantial cost reduction through new approache...

Motivation. The integral of lognormal random fields is the central quantity of many probabilistic models in portfolio risk analysis, spatial point processes, etc. (see, e.g., Liu and Xu [12, 14]). The current analysis is of interest particularly for risk analysis of short-term behavior of a large size portfolio under high correlations. We elaborate more on this application. Consider a portfolio...

Are the levels of information risk management efforts within and between firms correlated with the resilience of the firms to information disruptions? This paper examines the question by considering the results of field studies of information risk management practices at organizations and in supply chains. The organizations investigated differ greatly in the degree of coupling from a general an...

This paper discusses techniques for integrating risk and multi-criteria analysis in electricity distribution system asset management. The focus is on the tasks of the distribution company asset managers whose challenge is to incorporate the different company objectives and risk analysis into a structured decision framework when deciding how to handle the company physical assets.

Abstract This paper presents a novel approach for integrating human and organisational factors into risk analysis. This approach has been developed and applied to a case study in the marine industry, but it can be utilised in other industrial sectors. The approach consists of a BBN model of the maritime transport system that has been developed by taking into account the different actors of the ...