Scenario Logic and Probabilistic Management of Risk in Business and Engineering

[jocagalhao]

Scenario Logic and Probabilistic Management of Risk in Business and Engineering

-Five new chapters
-Treatment of the basic principles of the modern risk LP theory (the LP-calculus, the LP-methods and the risk LP-theory with GIE) using uniform methodology and terminology with a practical orientation towards both engineering and economics, for the first time in book form
-Clear definitions and notations, revised sections and chapters, an extended list of references, and a new subject index
-More than a hundred illustrations and tables which motivate the presentation
The book proposes a uniform logic and probabilistic (LP) approach to risk estimation and analysis in engineering and economics. It covers the methodological and theoretical basis of risk management at the design, test, and operation stages of economic, banking, and engineering systems with groups of incompatible events (GIE). It considers the risk LP-models in classification, investment, management of companies, bribes and corruption, analysis of risk and efficiency of social and economical processes, and management of development.
Key features of this Second Edition:
-Five new chapters
-Treatment of the basic principles of the modern risk LP theory (the LP-calculus, the LP-methods and the risk LP-theory with GIE) using uniform methodology and terminology with a practical orientation towards both engineering and economics, for the first time in book form
-Clear definitions and notations, revised sections and chapters, an extended list of references, and a new subject index
-More than a hundred illustrations and tables which motivate the presentation
Specialists in risk management in economics, banking and business, as well as graduates and post-graduates in economics and engineering, will benefit from this book.
Written for:
Scientists, managers, and experts in the field of risk management in business, banks and engineering; students and post-graduates in economics and engineering
Keywords:
LP Theory
Scenario logic
logic and probabilistic
risk management

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