Risk Analysis
Abstract
This paper presents a risk analysis example with quantitative data for frequency of occurrence and severity of consequences. It presents an algorithm for deriving severity scores. Then it shows use of a risk management tool that is commonly used in industry. Finally it presents many other factors that affect human perception of risk. Identifying and controlling risk is a characteristic behavior of intelligent enterprises. © 2007 by Terry Bahill.
Recommended Citation
E. D. Smith and A. Terry Bahill, "Risk Analysis," 17th Annual International Symposium of the International Council on Systems Engineering, INCOSE 2007 - Systems Engineering: Key to Intelligent Enterprises, vol. 2, pp. 1171 - 1185, Curran Assocciates, Inc., Dec 2007.
Department(s)
Engineering Management and Systems Engineering
International Standard Book Number (ISBN)
978-160560119-9
Document Type
Article - Conference proceedings
Document Version
Citation
File Type
text
Language(s)
English
Rights
© 2024 Curran Assocaites Inc., All rights reserved.
Publication Date
01 Dec 2007
