Advanced communications and information technologies provide the basis
for operational risk management. In order to support managers in
real-time risk assessment and decision-making, the advanced technologies
must be complemented by an appropriate reasoning logic.
This book presents such a reasoning logic for operational risk
management. Chapter 1 discusses the need for operational risk management
and the feasibility of its use based upon advances in sensing, mobile
communications, and satellite positioning technologies. Chapter II
presents a reasoning logic for operational risk management that
capitalizes upon these developments. Chapter III illustrates the
integration of the reasoning logic in hypermedia, multimedia, and
virtual reality systems, coupled with the capabilities provided by the
Internet. Chapters IV-VI illustrate the realism of operational risk
management for hazardous material transportation, emergency response,
air raid command, and emergency response at a nuclear power generation
facility. The book closes with an experimental assessment of the logic
and associated decision aids in Chapter VII.
Audience:
Researchers, who will find the most recent advances in operational
risk management with experimental assessments.
Practitioners, who are provided with a detailed description of
operational risk management and the latest advances in information and
communications technologies to implement this new approach for managing
risks in operational settings, such as transportation of hazardous
materials and emergency response.
Students, who will learn the basic concepts in theory and practice of
building models for decision and risk analysis, and embedding them into
commercial software as decision support systems.
