Optimal risk mitigation and risk-taking


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

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Description/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.

Item Type: Book Section
ISBNs: 9780470400630 (print)
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ePrint ID: 71230
Date :
Date Event
2010Published
Date Deposited: 01 Feb 2010
Last Modified: 18 Apr 2017 21:04
Further Information:Google Scholar
URI: http://eprints.soton.ac.uk/id/eprint/71230

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