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Optimal risk mitigation and risk-taking

Optimal risk mitigation and risk-taking
Optimal risk mitigation and risk-taking
Optimal risk mitigation and risk-taking requires optimal framing and working assumptions using an overall optimality concept. Working assumptions should be specific to the context addressed, but framing assumptions and basic tools should be common for all application areas. The role of all three should be keeping any formal analysis as simple as possible, but introducing complexity which pays whenever it pays. This article uses case study examples to illustrate key issues.
9780470400630
Wiley
Chapman, C.B.
a4f4805b-b67d-4c4c-856b-78e01a2c89a0
Harwood, I.A.
8f945742-3e33-445e-9665-0f613f35fc5b
Cochran, James J.
Chapman, C.B.
a4f4805b-b67d-4c4c-856b-78e01a2c89a0
Harwood, I.A.
8f945742-3e33-445e-9665-0f613f35fc5b
Cochran, James J.

Chapman, C.B. and Harwood, I.A. (2010) Optimal risk mitigation and risk-taking. In, Cochran, James J. (ed.) Wiley Encyclopedia of Operations Research and Management Science. Oxford, UK. Wiley.

Record type: Book Section

Abstract

Optimal risk mitigation and risk-taking requires optimal framing and working assumptions using an overall optimality concept. Working assumptions should be specific to the context addressed, but framing assumptions and basic tools should be common for all application areas. The role of all three should be keeping any formal analysis as simple as possible, but introducing complexity which pays whenever it pays. This article uses case study examples to illustrate key issues.

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Published date: 2010
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Identifiers

Local EPrints ID: 71230
URI: http://eprints.soton.ac.uk/id/eprint/71230
ISBN: 9780470400630
PURE UUID: 531527d7-4742-4724-8075-f39c94bbb47a
ORCID for I.A. Harwood: ORCID iD orcid.org/0000-0002-8647-2169

Catalogue record

Date deposited: 01 Feb 2010
Last modified: 21 May 2023 01:35

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Contributors

Author: C.B. Chapman
Author: I.A. Harwood ORCID iD
Editor: James J. Cochran

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