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Risk Management: With Applications from the Offshore Petroleum Industry
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Terje Aven, Jan Erik Vinnem. Risk Management: With Applications from the Offshore Petroleum Industry (Springer Series in Reliability Engineering) Springer | 2007-02 | ISBN: 1846286522 | 211 pages | PDF  Riskmanagement is a decision-making process which considers political,social, economic and engineering factors with relevant risk assessmentsrelating to a potential hazard in order to develop, analyse and compareoptions to facilitate the selection of the optimal regulatory responsefor safety from that hazard. Rapid technological developments,organisational changes and increased demand for efficiency have allinfluenced the vulnerability of our society. As a result, safety andrisk management is becoming an increasingly important field. Risk Management with Applications from the Offshore Petroleum Industrypresents an in-depth discussion of some fundamental principles of riskmanagement, related to the use of expected values, uncertainty handlingand risk acceptance criteria. A decision framework for risk managementis developed that provides a structure for the classification of riskdecision problems and a procedure for the execution of the relateddecision-making processes. Several examples from the offshore petroleumindustry are included to illustrate the use of the framework, but itcan also be applied in other areas. With the inclusion of a risk management framework designed to achievebetter decisions and therefore more desirable outcomes, Risk Managementwith Applications from the Offshore Petroleum Industry is a valuableresource for practitioners in the industry, engineering managers andregulatory authorities. Graduate students and researchers in riskmanagement will find this book a comprehensive reference. This book is about making decisions in the face of risks anduncertainties. Our ultimate goal is to arrive at decisions that providedesirable outcomes, but the risks and uncertainties oblige us toacknowledge that the best we can do is to obtain confidence in beingable to obtain desirable outcomes. At the point of the decisionmakingwe do not know the future outcomes of the activities (alternatives)that we are investigating, and the challenge is then, how we shouldperform the decisionmaking process. http://rapidshare.com/files/169218915/RiskManagement2007gPG.rar |
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