Risk Analysis in Engineering and Economics

Risk Analysis in Engineering and Economics

Author: Bilal M. Ayyub

Publisher: CRC Press

Published: 2003-06-26

Total Pages: 597

ISBN-13: 0203497694

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More than any other book available, Risk Analysis in Engineering and Economics introduces the fundamental concepts, techniques, and applications of the subject in a style tailored to meet the needs of students and practitioners of engineering, science, economics, and finance. Drawing on his extensive experience in uncertainty and risk modeling and analysis, the author leads readers from the fundamental concepts through the theory, applications, and data requirements, sources, and collection. He emphasizes the practical use of the methods presented and carefully examines the limitations, advantages, and disadvantages of each. Case studies that incorporate the techniques discussed offer a practical perspective that helps readers clearly identify and solve problems encountered in practice. If you deal with decision-making under conditions of uncertainty, this book is required reading. The presentation includes more than 300 tables and figures, more than 100 examples, many case studies, and a wealth of end-of-chapter problems. Unlike the classical books on reliability and risk assessment, this book helps you relate underlying concepts to everyday applications and better prepares you to understand and use the methods of risk analysis.


Book Synopsis Risk Analysis in Engineering and Economics by : Bilal M. Ayyub

Download or read book Risk Analysis in Engineering and Economics written by Bilal M. Ayyub and published by CRC Press. This book was released on 2003-06-26 with total page 597 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than any other book available, Risk Analysis in Engineering and Economics introduces the fundamental concepts, techniques, and applications of the subject in a style tailored to meet the needs of students and practitioners of engineering, science, economics, and finance. Drawing on his extensive experience in uncertainty and risk modeling and analysis, the author leads readers from the fundamental concepts through the theory, applications, and data requirements, sources, and collection. He emphasizes the practical use of the methods presented and carefully examines the limitations, advantages, and disadvantages of each. Case studies that incorporate the techniques discussed offer a practical perspective that helps readers clearly identify and solve problems encountered in practice. If you deal with decision-making under conditions of uncertainty, this book is required reading. The presentation includes more than 300 tables and figures, more than 100 examples, many case studies, and a wealth of end-of-chapter problems. Unlike the classical books on reliability and risk assessment, this book helps you relate underlying concepts to everyday applications and better prepares you to understand and use the methods of risk analysis.


Risk Analysis in Engineering and Economics, Second Edition

Risk Analysis in Engineering and Economics, Second Edition

Author: Bilal M. Ayyub

Publisher: CRC Press

Published: 2014-03-18

Total Pages: 642

ISBN-13: 1466518251

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Risk Analysis in Engineering and Economics is required reading for decision making under conditions of uncertainty. The author describes the fundamental concepts, techniques, and applications of the subject in a style tailored to meet the needs of students and practitioners of engineering, science, economics, and finance. Drawing on his extensive experience in uncertainty and risk modeling and analysis, the author covers everything from basic theory and key computational algorithms to data needs, sources, and collection. He emphasizes practical use of the methods presented and carefully examines the limitations, advantages, and disadvantages of each to help readers translate the discussed techniques into real-world solutions. This Second Edition: Introduces the topic of risk finance Incorporates homeland security applications throughout Offers additional material on predictive risk management Includes a wealth of new and updated end-of-chapter problems Delivers a complementary mix of theoretical background and risk methods Brings together engineering and economics on balanced terms to enable appropriate decision making Presents performance segregation and aggregation within a risk framework Contains contemporary case studies, such as protecting hurricane-prone regions and critical infrastructure Provides 320+ tables and figures, over 110 diverse examples, numerous end-of-book references, and a bibliography Unlike the classical books on reliability and risk management, Risk Analysis in Engineering and Economics, Second Edition relates underlying concepts to everyday applications, ensuring solid understanding and use of the methods of risk analysis.


Book Synopsis Risk Analysis in Engineering and Economics, Second Edition by : Bilal M. Ayyub

Download or read book Risk Analysis in Engineering and Economics, Second Edition written by Bilal M. Ayyub and published by CRC Press. This book was released on 2014-03-18 with total page 642 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk Analysis in Engineering and Economics is required reading for decision making under conditions of uncertainty. The author describes the fundamental concepts, techniques, and applications of the subject in a style tailored to meet the needs of students and practitioners of engineering, science, economics, and finance. Drawing on his extensive experience in uncertainty and risk modeling and analysis, the author covers everything from basic theory and key computational algorithms to data needs, sources, and collection. He emphasizes practical use of the methods presented and carefully examines the limitations, advantages, and disadvantages of each to help readers translate the discussed techniques into real-world solutions. This Second Edition: Introduces the topic of risk finance Incorporates homeland security applications throughout Offers additional material on predictive risk management Includes a wealth of new and updated end-of-chapter problems Delivers a complementary mix of theoretical background and risk methods Brings together engineering and economics on balanced terms to enable appropriate decision making Presents performance segregation and aggregation within a risk framework Contains contemporary case studies, such as protecting hurricane-prone regions and critical infrastructure Provides 320+ tables and figures, over 110 diverse examples, numerous end-of-book references, and a bibliography Unlike the classical books on reliability and risk management, Risk Analysis in Engineering and Economics, Second Edition relates underlying concepts to everyday applications, ensuring solid understanding and use of the methods of risk analysis.


Risk Analysis in Engineering

Risk Analysis in Engineering

Author: Mohammad Modarres

Publisher: CRC Press

Published: 2016-04-27

Total Pages: 408

ISBN-13: 1420003496

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Based on the author's 20 years of teaching, Risk Analysis in Engineering: Techniques, Tools, and Trends presents an engineering approach to probabilistic risk analysis (PRA). It emphasizes methods for comprehensive PRA studies, including techniques for risk management. The author assumes little or no prior knowledge of risk analysis on the p


Book Synopsis Risk Analysis in Engineering by : Mohammad Modarres

Download or read book Risk Analysis in Engineering written by Mohammad Modarres and published by CRC Press. This book was released on 2016-04-27 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on the author's 20 years of teaching, Risk Analysis in Engineering: Techniques, Tools, and Trends presents an engineering approach to probabilistic risk analysis (PRA). It emphasizes methods for comprehensive PRA studies, including techniques for risk management. The author assumes little or no prior knowledge of risk analysis on the p


Risk Analysis in Engineering and Economics

Risk Analysis in Engineering and Economics

Author: Bilal M. Ayyub

Publisher: Chapman and Hall/CRC

Published: 2003-06-26

Total Pages: 600

ISBN-13: 9781584883951

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More than any other book available, Risk Analysis in Engineering and Economics introduces the fundamental concepts, techniques, and applications of the subject in a style tailored to meet the needs of students and practitioners of engineering, science, economics, and finance. Drawing on his extensive experience in uncertainty and risk modeling and analysis, the author leads readers from the fundamental concepts through the theory, applications, and data requirements, sources, and collection. He emphasizes the practical use of the methods presented and carefully examines the limitations, advantages, and disadvantages of each. Case studies that incorporate the techniques discussed offer a practical perspective that helps readers clearly identify and solve problems encountered in practice. If you deal with decision-making under conditions of uncertainty, this book is required reading. The presentation includes more than 300 tables and figures, more than 100 examples, many case studies, and a wealth of end-of-chapter problems. Unlike the classical books on reliability and risk assessment, this book helps you relate underlying concepts to everyday applications and better prepares you to understand and use the methods of risk analysis.


Book Synopsis Risk Analysis in Engineering and Economics by : Bilal M. Ayyub

Download or read book Risk Analysis in Engineering and Economics written by Bilal M. Ayyub and published by Chapman and Hall/CRC. This book was released on 2003-06-26 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than any other book available, Risk Analysis in Engineering and Economics introduces the fundamental concepts, techniques, and applications of the subject in a style tailored to meet the needs of students and practitioners of engineering, science, economics, and finance. Drawing on his extensive experience in uncertainty and risk modeling and analysis, the author leads readers from the fundamental concepts through the theory, applications, and data requirements, sources, and collection. He emphasizes the practical use of the methods presented and carefully examines the limitations, advantages, and disadvantages of each. Case studies that incorporate the techniques discussed offer a practical perspective that helps readers clearly identify and solve problems encountered in practice. If you deal with decision-making under conditions of uncertainty, this book is required reading. The presentation includes more than 300 tables and figures, more than 100 examples, many case studies, and a wealth of end-of-chapter problems. Unlike the classical books on reliability and risk assessment, this book helps you relate underlying concepts to everyday applications and better prepares you to understand and use the methods of risk analysis.


Petroleum Economics and Risk Analysis

Petroleum Economics and Risk Analysis

Author: Mark Cook

Publisher: Elsevier

Published: 2021-01-29

Total Pages: 368

ISBN-13: 0128232064

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Petroleum Economics and Risk Analysis: A Practical Guide to E&P Investment Decision-Making, Volume 69, is a practical guide to the economic evaluation, risk evaluation and decision analysis of oil and gas projects through all stages of the asset lifecycle, from exploration to late life opportunities. This book will help readers understand and make decisions with regard to petroleum investment, portfolio analysis, discounting, profitability indicators, decision tree analysis, reserves accounting, exploration and production (E&P) project evaluation, and E&P asset evaluation. Includes case studies and full color illustrations for practical application Arranged to reflect lifecycle structure, from exploration through to decommissioning Demonstrates industry-standard decision-making techniques as applied to petroleum investments in the oil and gas industry


Book Synopsis Petroleum Economics and Risk Analysis by : Mark Cook

Download or read book Petroleum Economics and Risk Analysis written by Mark Cook and published by Elsevier. This book was released on 2021-01-29 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Petroleum Economics and Risk Analysis: A Practical Guide to E&P Investment Decision-Making, Volume 69, is a practical guide to the economic evaluation, risk evaluation and decision analysis of oil and gas projects through all stages of the asset lifecycle, from exploration to late life opportunities. This book will help readers understand and make decisions with regard to petroleum investment, portfolio analysis, discounting, profitability indicators, decision tree analysis, reserves accounting, exploration and production (E&P) project evaluation, and E&P asset evaluation. Includes case studies and full color illustrations for practical application Arranged to reflect lifecycle structure, from exploration through to decommissioning Demonstrates industry-standard decision-making techniques as applied to petroleum investments in the oil and gas industry


Advanced Risk Analysis in Engineering Enterprise Systems

Advanced Risk Analysis in Engineering Enterprise Systems

Author: Cesar Ariel Pinto

Publisher: CRC Press

Published: 2016-04-19

Total Pages: 451

ISBN-13: 1439826153

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Since the emerging discipline of engineering enterprise systems extends traditional systems engineering to develop webs of systems and systems-of-systems, the engineering management and management science communities need new approaches for analyzing and managing risk in engineering enterprise systems. Advanced Risk Analysis in Engineering Enterpri


Book Synopsis Advanced Risk Analysis in Engineering Enterprise Systems by : Cesar Ariel Pinto

Download or read book Advanced Risk Analysis in Engineering Enterprise Systems written by Cesar Ariel Pinto and published by CRC Press. This book was released on 2016-04-19 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the emerging discipline of engineering enterprise systems extends traditional systems engineering to develop webs of systems and systems-of-systems, the engineering management and management science communities need new approaches for analyzing and managing risk in engineering enterprise systems. Advanced Risk Analysis in Engineering Enterpri


Engineering Managerial Economic Decision and Risk Analysis

Engineering Managerial Economic Decision and Risk Analysis

Author: Teddy Steven Cotter

Publisher: Springer Nature

Published: 2021-11-18

Total Pages: 490

ISBN-13: 3030877671

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This book directs the engineering manager or the undergraduate student preparing to become an engineering manager, who is or will become actively engaged in the management of economic-risk trade-off decisions for engineering investments within an organizational system. In today’s global economy, this may mean managing the economic risks of engineering investments across national boundaries in international organizations, government, or service organizations. As such, this is an applied book. The book’s goal is to provide an easy to understand, up to date, and coherent treatment of the management of the economic-risk trade-offs of engineering investments. This book accomplishes this goal by cumulatively sequencing knowledge content from foundational economic and accounting concepts to cost estimating to the traditional engineering economics knowledge culminating in fundamental engineering managerial economic decision-making incorporating risk into engineering management economic decisions.


Book Synopsis Engineering Managerial Economic Decision and Risk Analysis by : Teddy Steven Cotter

Download or read book Engineering Managerial Economic Decision and Risk Analysis written by Teddy Steven Cotter and published by Springer Nature. This book was released on 2021-11-18 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book directs the engineering manager or the undergraduate student preparing to become an engineering manager, who is or will become actively engaged in the management of economic-risk trade-off decisions for engineering investments within an organizational system. In today’s global economy, this may mean managing the economic risks of engineering investments across national boundaries in international organizations, government, or service organizations. As such, this is an applied book. The book’s goal is to provide an easy to understand, up to date, and coherent treatment of the management of the economic-risk trade-offs of engineering investments. This book accomplishes this goal by cumulatively sequencing knowledge content from foundational economic and accounting concepts to cost estimating to the traditional engineering economics knowledge culminating in fundamental engineering managerial economic decision-making incorporating risk into engineering management economic decisions.


Systems Reliability and Risk Analysis

Systems Reliability and Risk Analysis

Author: E.G. Frankel

Publisher: Springer Science & Business Media

Published: 2013-03-12

Total Pages: 435

ISBN-13: 9400969201

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Ernst G. Frankel This book has its origin in lecture notes developed over several years for use in a course in Systems Reliability for engineers concerned with the design of physical systems such as civil structures, power plants, and transport vehicles of all types. Increasing public concern with the reliability o~ systems for reasons of human safety, environmental protection, and acceptable ir. vestment risk limitations has resulted in an increasing interest by engineers in the formal applica~i0n of reliability theory to e~gineering desian. At the same time there is a demand for more effective approaches to the des~gn of procedures for the operation and use of man-made syste~s and more meaningful assessment of the risks intr)duction and use of such a system poses both when operating as designed and when operating at below design performance. The purpose of the book is to provide a sound, yet practical, introduction to reliability analysis and risk assessment which can be used by professionals in engineering, planning, management, and economics to improve the design, operation, and risk assessment of systems of interest. The text should be useful for students in many disciplines and is designed for fourth~year undergraduates or first-year graduate students. I would like to acknowledge the help of many of my graduate students who contributed to the development of this book by offering comments and criticism. Similarly I would like to thank Mrs.


Book Synopsis Systems Reliability and Risk Analysis by : E.G. Frankel

Download or read book Systems Reliability and Risk Analysis written by E.G. Frankel and published by Springer Science & Business Media. This book was released on 2013-03-12 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ernst G. Frankel This book has its origin in lecture notes developed over several years for use in a course in Systems Reliability for engineers concerned with the design of physical systems such as civil structures, power plants, and transport vehicles of all types. Increasing public concern with the reliability o~ systems for reasons of human safety, environmental protection, and acceptable ir. vestment risk limitations has resulted in an increasing interest by engineers in the formal applica~i0n of reliability theory to e~gineering desian. At the same time there is a demand for more effective approaches to the des~gn of procedures for the operation and use of man-made syste~s and more meaningful assessment of the risks intr)duction and use of such a system poses both when operating as designed and when operating at below design performance. The purpose of the book is to provide a sound, yet practical, introduction to reliability analysis and risk assessment which can be used by professionals in engineering, planning, management, and economics to improve the design, operation, and risk assessment of systems of interest. The text should be useful for students in many disciplines and is designed for fourth~year undergraduates or first-year graduate students. I would like to acknowledge the help of many of my graduate students who contributed to the development of this book by offering comments and criticism. Similarly I would like to thank Mrs.


Risk Analysis in Theory and Practice

Risk Analysis in Theory and Practice

Author: Jean-Paul Chavas

Publisher: Elsevier

Published: 2004-07-01

Total Pages: 247

ISBN-13: 0080516335

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The objective of Risk Analysis in Theory and Practice is to present this analytical framework and to illustrate how it can be used in the investigation of economic decisions under risk. In a sense, the economics of risk is a difficult subject: it involves understanding human decisions in the absence of perfect information. How do we make decisions when we do not know some of events affecting us? The complexities of our uncertain world and of how humans obtain and process information make this difficult. In spite of these difficulties, much progress has been made. First, probability theory is the corner stone of risk assessment. This allows us to measure risk in a fashion that can be communicated among decision makers or researchers. Second, risk preferences are now better understood. This provides useful insights into the economic rationality of decision making under uncertainty. Third, over the last decades, good insights have been developed about the value of information. This helps better understand the role of information in human decision making and this book provides a systematic treatment of these issues in the context of both private and public decisions under uncertainty. Balanced treatment of conceptual models and applied analysis Considers both private and public decisions under uncertainty Website presents application exercises in Excel


Book Synopsis Risk Analysis in Theory and Practice by : Jean-Paul Chavas

Download or read book Risk Analysis in Theory and Practice written by Jean-Paul Chavas and published by Elsevier. This book was released on 2004-07-01 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of Risk Analysis in Theory and Practice is to present this analytical framework and to illustrate how it can be used in the investigation of economic decisions under risk. In a sense, the economics of risk is a difficult subject: it involves understanding human decisions in the absence of perfect information. How do we make decisions when we do not know some of events affecting us? The complexities of our uncertain world and of how humans obtain and process information make this difficult. In spite of these difficulties, much progress has been made. First, probability theory is the corner stone of risk assessment. This allows us to measure risk in a fashion that can be communicated among decision makers or researchers. Second, risk preferences are now better understood. This provides useful insights into the economic rationality of decision making under uncertainty. Third, over the last decades, good insights have been developed about the value of information. This helps better understand the role of information in human decision making and this book provides a systematic treatment of these issues in the context of both private and public decisions under uncertainty. Balanced treatment of conceptual models and applied analysis Considers both private and public decisions under uncertainty Website presents application exercises in Excel


Risk Analysis of Complex and Uncertain Systems

Risk Analysis of Complex and Uncertain Systems

Author: Louis Anthony Cox Jr.

Publisher: Springer Science & Business Media

Published: 2009-06-12

Total Pages: 457

ISBN-13: 0387890149

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In Risk Analysis of Complex and Uncertain Systems acknowledged risk authority Tony Cox shows all risk practitioners how Quantitative Risk Assessment (QRA) can be used to improve risk management decisions and policies. It develops and illustrates QRA methods for complex and uncertain biological, engineering, and social systems – systems that have behaviors that are just too complex to be modeled accurately in detail with high confidence – and shows how they can be applied to applications including assessing and managing risks from chemical carcinogens, antibiotic resistance, mad cow disease, terrorist attacks, and accidental or deliberate failures in telecommunications network infrastructure. This book was written for a broad range of practitioners, including decision risk analysts, operations researchers and management scientists, quantitative policy analysts, economists, health and safety risk assessors, engineers, and modelers.


Book Synopsis Risk Analysis of Complex and Uncertain Systems by : Louis Anthony Cox Jr.

Download or read book Risk Analysis of Complex and Uncertain Systems written by Louis Anthony Cox Jr. and published by Springer Science & Business Media. This book was released on 2009-06-12 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Risk Analysis of Complex and Uncertain Systems acknowledged risk authority Tony Cox shows all risk practitioners how Quantitative Risk Assessment (QRA) can be used to improve risk management decisions and policies. It develops and illustrates QRA methods for complex and uncertain biological, engineering, and social systems – systems that have behaviors that are just too complex to be modeled accurately in detail with high confidence – and shows how they can be applied to applications including assessing and managing risks from chemical carcinogens, antibiotic resistance, mad cow disease, terrorist attacks, and accidental or deliberate failures in telecommunications network infrastructure. This book was written for a broad range of practitioners, including decision risk analysts, operations researchers and management scientists, quantitative policy analysts, economists, health and safety risk assessors, engineers, and modelers.