Engineering Decision Making And Risk Management

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Engineering Decision Making and Risk Management

Jeffrey W. Herrmann
Engineering Decision Making and Risk Management Book PDF

Author : Jeffrey W. Herrmann
Publisher : John Wiley & Sons
Page : 355 pages
File Size : 45,8 Mb
Release : 2015-04-06
Category : Business & Economics
ISBN : 9781118919330

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Engineering Decision Making and Risk Management by Jeffrey W. Herrmann Pdf

IIE/Joint Publishers Book of the Year Award 2016! Awarded for ‘an outstanding published book that focuses on a facet of industrial engineering, improves education, or furthers the profession’. Engineering Decision Making and Risk Management emphasizes practical issues and examples of decision making with applications in engineering design and management Featuring a blend of theoretical and analytical aspects, this book presents multiple perspectives on decision making to better understand and improve risk management processes and decision-making systems. Engineering Decision Making and Risk Management uniquely presents and discusses three perspectives on decision making: problem solving, the decision-making process, and decision-making systems. The author highlights formal techniques for group decision making and game theory and includes numerical examples to compare and contrast different quantitative techniques. The importance of initially selecting the most appropriate decision-making process is emphasized through practical examples and applications that illustrate a variety of useful processes. Presenting an approach for modeling and improving decision-making systems, Engineering Decision Making and Risk Management also features: Theoretically sound and practical tools for decision making under uncertainty, multi-criteria decision making, group decision making, the value of information, and risk management Practical examples from both historical and current events that illustrate both good and bad decision making and risk management processes End-of-chapter exercises for readers to apply specific learning objectives and practice relevant skills A supplementary website with instructional support material, including worked solutions to the exercises, lesson plans, in-class activities, slides, and spreadsheets An excellent textbook for upper-undergraduate and graduate students, Engineering Decision Making and Risk Management is appropriate for courses on decision analysis, decision making, and risk management within the fields of engineering design, operations research, business and management science, and industrial and systems engineering. The book is also an ideal reference for academics and practitioners in business and management science, operations research, engineering design, systems engineering, applied mathematics, and statistics.

Engineering Decision Making and Risk Management

Jeffrey W. Herrmann
Engineering Decision Making and Risk Management Book PDF

Author : Jeffrey W. Herrmann
Publisher : John Wiley & Sons
Page : 360 pages
File Size : 54,7 Mb
Release : 2015-03-13
Category : Business & Economics
ISBN : 9781118919385

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Engineering Decision Making and Risk Management by Jeffrey W. Herrmann Pdf

IIE/Joint Publishers Book of the Year Award 2016! Awarded for ‘an outstanding published book that focuses on a facet of industrial engineering, improves education, or furthers the profession’. Engineering Decision Making and Risk Management emphasizes practical issues and examples of decision making with applications in engineering design and management Featuring a blend of theoretical and analytical aspects, this book presents multiple perspectives on decision making to better understand and improve risk management processes and decision-making systems. Engineering Decision Making and Risk Management uniquely presents and discusses three perspectives on decision making: problem solving, the decision-making process, and decision-making systems. The author highlights formal techniques for group decision making and game theory and includes numerical examples to compare and contrast different quantitative techniques. The importance of initially selecting the most appropriate decision-making process is emphasized through practical examples and applications that illustrate a variety of useful processes. Presenting an approach for modeling and improving decision-making systems, Engineering Decision Making and Risk Management also features: Theoretically sound and practical tools for decision making under uncertainty, multi-criteria decision making, group decision making, the value of information, and risk management Practical examples from both historical and current events that illustrate both good and bad decision making and risk management processes End-of-chapter exercises for readers to apply specific learning objectives and practice relevant skills A supplementary website with instructional support material, including worked solutions to the exercises, lesson plans, in-class activities, slides, and spreadsheets An excellent textbook for upper-undergraduate and graduate students, Engineering Decision Making and Risk Management is appropriate for courses on decision analysis, decision making, and risk management within the fields of engineering design, operations research, business and management science, and industrial and systems engineering. The book is also an ideal reference for academics and practitioners in business and management science, operations research, engineering design, systems engineering, applied mathematics, and statistics.

Decision Making in Risk Management

Christopher O. Cox
Decision Making in Risk Management Book PDF

Author : Christopher O. Cox
Publisher : CRC Press
Page : 125 pages
File Size : 43,7 Mb
Release : 2021-07-25
Category : Technology & Engineering
ISBN : 9781000416145

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Decision Making in Risk Management by Christopher O. Cox Pdf

Identifies the quantitative measures to assess behavior induced risks Presents a framework to limit the interpersonal tension of addressing behavioral risks Offers an empirical case study in the oil and gas domain demonstrating use of the framework Addresses the missing dimension of behavior-centric intangible risk factors in current risk identification and management processes Provides a systematic analytical approach to mitigate subjectivity when addressing behavioral risks in projects

Construction Risk Management Decision Making

Alex C. Arthur
Construction Risk Management Decision Making Book PDF

Author : Alex C. Arthur
Publisher : John Wiley & Sons
Page : 436 pages
File Size : 51,8 Mb
Release : 2021-12-13
Category : Technology & Engineering
ISBN : 9781119693000

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Construction Risk Management Decision Making by Alex C. Arthur Pdf

CONSTRUCTION RISK MANAGEMENT DECISION MAKING Explores the relevance of systems thinking and behavioral science in construction risk management Effective risk management is a vital component of all successful construction projects. Although quantitative tools for evaluating data and minimizing risk are readily available, construction managers commonly adopt a more innate, experience-based approach. In Construction Risk Management Decision Making, project manager and senior consultant Alex C. Arthur provides step-by-step advice on assessing and prioritizing risk using qualitative decision-making systems in the construction industry. Incorporating key theories and concepts from systems thinking and behavioral science, this highly practical guide focuses on the behavior patterns of real people in the industry, rather than complex quantitative techniques and data. Concise, easy-to-understand chapters highlight the current practices of construction risk management while helping readers view risk and decision making from a broader perspective. Throughout the book, the author presents invaluable insights into the ways construction professionals think and behave in the real world. Addresses the actual risk management practices of construction professionals Applies human behavioral theories to the study of construction risk management decision making Illustrates the highly intuitive approaches prevalent in various construction projects Features real-life case studies and practical examples throughout Construction Risk Management Decision Making is an excellent textbook for advanced students in project management, engineering, construction, and surveying courses, and a must-have guide for practitioners of construction management, surveying, and architecture.

What Every Engineer Should Know About Decision Making Under Uncertainty

John X. Wang
What Every Engineer Should Know About Decision Making Under Uncertainty Book PDF

Author : John X. Wang
Publisher : CRC Press
Page : 342 pages
File Size : 51,7 Mb
Release : 2002-07-01
Category : Technology & Engineering
ISBN : 0203910753

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What Every Engineer Should Know About Decision Making Under Uncertainty by John X. Wang Pdf

Covering the prediction of outcomes for engineering decisions through regression analysis, this succinct and practical reference presents statistical reasoning and interpretational techniques to aid in the decision making process when faced with engineering problems. The author emphasizes the use of spreadsheet simulations and decision trees as important tools in the practical application of decision making analyses and models to improve real-world engineering operations. He offers insight into the realities of high-stakes engineering decision making in the investigative and corporate sectors by optimizing engineering decision variables to maximize payoff.

Decision Making in Systems Engineering and Management

Patrick J. Driscoll,Gregory S. Parnell,Dale L. Henderson
Decision Making in Systems Engineering and Management Book PDF

Author : Patrick J. Driscoll,Gregory S. Parnell,Dale L. Henderson
Publisher : John Wiley & Sons
Page : 580 pages
File Size : 55,5 Mb
Release : 2022-10-25
Category : Computers
ISBN : 9781119901426

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Decision Making in Systems Engineering and Management by Patrick J. Driscoll,Gregory S. Parnell,Dale L. Henderson Pdf

DECISION MAKING IN SYSTEMS ENGINEERING AND MANAGEMENT A thoroughly updated overview of systems engineering management and decision making In the newly revised third edition of Decision Making in Systems Engineering and Management, the authors deliver a comprehensive and authoritative overview of the systems decision process, systems thinking, and qualitative and quantitative multi-criteria value modeling directly supporting decision making throughout the system lifecycle. This book offers readers major new updates that cover recently developed system modeling and analysis techniques and quantitative and qualitative approaches in the field, including effective techniques for addressing uncertainty. In addition to Excel, six new open-source software applications have been added to illustrate key topics, including SIPmath Modeler Tools, Cambridge Advanced Modeller, SystemiTool2.0, and Gephi 0.9.2. The authors have reshaped the book’s organization and presentation to better support educators engaged in remote learning. New appendices have been added to present extensions for a new realization analysis technique and getting started steps for each of the major software applications. Updated illustrative examples support modern system decision making skills and highlight applications in hardware, organizations, policy, logistic supply chains, and architecture. Readers will also find: Thorough introductions to working with systems, the systems engineering perspective, and systems thinking In-depth presentations of applied systems thinking, including holism, element dependencies, expansive and contractive thinking, and concepts of structure, classification, and boundaries Comprehensive explorations of system representations leading to analysis In-depth discussions of supporting system decisions, including the system decision process (SDP), tradespace methods, multi-criteria value modeling, working with stakeholders, and the system environment Perfect for undergraduate and graduate students studying systems engineering and systems engineering management, Decision Making in Systems Engineering and Management will also earn a place in the libraries of practicing system engineers and researchers with an interest in the topic.

Process Systems Risk Management

Ian T. Cameron,R. Raman
Process Systems Risk Management Book PDF

Author : Ian T. Cameron,R. Raman
Publisher : Elsevier
Page : 615 pages
File Size : 51,5 Mb
Release : 2005-06-14
Category : Technology & Engineering
ISBN : 9780080455105

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Process Systems Risk Management by Ian T. Cameron,R. Raman Pdf

Process Systems Risk Management provides complete coverage of risk management concepts and applications for safe design and operation of industrial and other process facilities. The whole life cycle of the process or product is taken into account, from its conception to decommissioning. The breadth of human factors in risk management is also treated, ranging from personnel and public safety to environmental impact and business interruption. This unique approach to process risk management is firmly grounded in systems engineering. Numerous examples are used to illustrate important concepts –drawn from almost 40 years authors’ experience in risk analysis, assessment and management, with applications in both on- and off-shore operations. This book is essential reading on the relevant techniques to tackle risk management activities for small-, medium- and large-scale operations in the process industries. It is aimed at informing a wide audience of industrial risk management practitioners, including plant managers, engineers, health professionals, town planners, and administrators of regulatory agencies. A computational perspective on the risk management of chemical processes A multifaceted approach that includes the technical, social, human and management factors Includes numerous examples and illustrations from real life incidents

Quantitative Risk Management and Decision Making in Construction

Amarjit Singh
Quantitative Risk Management and Decision Making in Construction Book PDF

Author : Amarjit Singh
Publisher : ASCE Press
Page : 0 pages
File Size : 42,5 Mb
Release : 2017
Category : Construction industry
ISBN : 0784414637

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Quantitative Risk Management and Decision Making in Construction by Amarjit Singh Pdf

Singh introduces valuable techniques for weighing and evaluating alternatives in decision making with a focus on risk analysis for identifying, quantifying, and mitigating risks associated with construction projects.

Foundations of Risk Analysis

Terje Aven
Foundations of Risk Analysis Book PDF

Author : Terje Aven
Publisher : John Wiley & Sons
Page : 208 pages
File Size : 41,5 Mb
Release : 2004-01-09
Category : Mathematics
ISBN : 9780470871232

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Foundations of Risk Analysis by Terje Aven Pdf

Everyday we face decisions that carry an element of risk and uncertainty. The ability to analyse, communicate and control the level of risk entailed by these decisions remains one of the most pressing challenges to the analyst, scientist and manager. This book presents the foundational issues in risk analysis ? expressing risk, understanding what risk means, building risk models, addressing uncertainty, and applying probability models to real problems. The principal aim of the book is to give the reader the knowledge and basic thinking they require to approach risk and uncertainty to support decision making. Presents a statistical framework for dealing with risk and uncertainty. Includes detailed coverage of building and applying risk models and methods. Offers new perspectives on risk, risk assessment and the use of parametric probability models. Highlights a number of applications from business and industry. Adopts a conceptual approach based on elementary probability calculus and statistical theory. Foundations of Risk Analysis provides a framework for understanding, conducting and using risk analysis suitable for advanced undergraduates, graduates, analysts and researchers from statistics, engineering, finance, medicine and the physical sciences, as well as for managers facing decision making problems involving risk and uncertainty.

Engineering Managerial Economic Decision and Risk Analysis

Teddy Steven Cotter
Engineering Managerial Economic Decision and Risk Analysis Book PDF

Author : Teddy Steven Cotter
Publisher : Unknown
Page : 0 pages
File Size : 42,9 Mb
Release : 2022
Category : Electronic
ISBN : 303087768X

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Engineering Managerial Economic Decision and Risk Analysis by Teddy Steven Cotter Pdf

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.

Engineering Managerial Economic Decision and Risk Analysis

Teddy Steven Cotter
Engineering Managerial Economic Decision and Risk Analysis Book PDF

Author : Teddy Steven Cotter
Publisher : Springer Nature
Page : 490 pages
File Size : 43,9 Mb
Release : 2021-11-18
Category : Technology & Engineering
ISBN : 9783030877675

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Engineering Managerial Economic Decision and Risk Analysis by Teddy Steven Cotter Pdf

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.

Decision Making in Risk Management

Christopher O. Cox
Decision Making in Risk Management Book PDF

Author : Christopher O. Cox
Publisher : CRC Press
Page : 115 pages
File Size : 49,9 Mb
Release : 2021-07-26
Category : Technology & Engineering
ISBN : 9781000416107

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Decision Making in Risk Management by Christopher O. Cox Pdf

Project risk management is regarded as a necessary dimension of effective project delivery. Current practices tend to focus on tangible issues such as late delivery of equipment or the implications of technology. This book introduces a framework to identify emergent behavior-centric intangible risks and the conditions that initiate them. Decision Making in Risk Management: Quantifying Intangible Risk Factors in Projects identifies the quantitative measures to assess behavior-induced risks by presenting a framework that limits the interpersonal tension of addressing behavioral risks. Included in the book is an illustrative case study from the oil and gas sector that demonstrates the use of the framework. The missing dimension of behavior-centric intangible risk factors in current risk identification is explored. The book goes on to cover management processes, providing a systematic analytical approach to mitigate subjectivity when addressing behavioral risks in projects. This book is useful to those working in the fields of Project Management, Systems Engineering, Risk Management, and Behavioral Science.

Analytical Methods for Risk Management

Paul R. Garvey
Analytical Methods for Risk Management Book PDF

Author : Paul R. Garvey
Publisher : CRC Press
Page : 284 pages
File Size : 54,9 Mb
Release : 2008-10-20
Category : Business & Economics
ISBN : 9781420011395

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Analytical Methods for Risk Management by Paul R. Garvey Pdf

A Text on the Foundation Processes, Analytical Principles, and Implementation Practices of Engineering Risk Management Drawing from the author's many years of hands-on experience in the field, Analytical Methods for Risk Management: A Systems Engineering Perspectivepresents the foundation processes and analytical practices

Engineering Risk Management

Thierry Meyer,Genserik Reniers
Engineering Risk Management Book PDF

Author : Thierry Meyer,Genserik Reniers
Publisher : Walter de Gruyter GmbH & Co KG
Page : 425 pages
File Size : 47,7 Mb
Release : 2022-04-04
Category : Science
ISBN : 9783110665420

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Engineering Risk Management by Thierry Meyer,Genserik Reniers Pdf

This book is a valuable resource for achieving and promoting a culture of risk awareness and integrating risk management principles and practices into the educational environment. This integration is essential to ensure that students have the knowledge and skills to identify hazards, and assess and control risks in different contexts through the development and implementation of a risk management curriculum. Besides theoretical considerations and learning to ask the right questions at all times for the sake of critical thinking, effective risk management education also involves the use of case studies, simulations and other experiential learning tools to help students understand and apply risk management concepts in real-life situations. This approach helps students develop a questioning attitude and problem-solving skills, which are essential for effective risk management. Overall, the interface between risk management and education is essential to develop a generation of professionals who can effectively deal with risks in a variety of contexts. By integrating risk management principles and practices into the educational process, educational institutions can help ensure that their students are well prepared to meet the challenges of the modern world.

Engineering Tools for Environmental Risk Management

Katalin Gruiz,Tamas Meggyes,Eva Fenyvesi
Engineering Tools for Environmental Risk Management Book PDF

Author : Katalin Gruiz,Tamas Meggyes,Eva Fenyvesi
Publisher : CRC Press
Page : 462 pages
File Size : 46,6 Mb
Release : 2017-01-20
Category : Science
ISBN : 9781317697459

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Engineering Tools for Environmental Risk Management by Katalin Gruiz,Tamas Meggyes,Eva Fenyvesi Pdf

This is the third volume of the five-volume book series “Engineering Tools for Environmental Risk Management”. The book series deals with the following topics: • Environmental deterioration and pollution, management of environmental problems • Environmental toxicology – a tool for managing chemical substances and contaminated environment • Assessment and monitoring tools, risk assessment • Risk reduction measures and technologies • Case studies for demonstration of the application of engineering tools The authors aim to describe interactions and options in risk management by providing a broad scientific overview of the environment, its human uses and the associated local, regional and global environmental problems; interpreting the holistic approach used in solving environmental protection issues; striking a balance between nature’s needs and engineering capabilities; understanding interactions between regulation, management and engineering; obtaining information about novel technologies and innovative engineering tools. This third volume provides an overview on the basic principles, concepts, practices and tools of environmental monitoring and contaminated site assessment. The volume focuses on those engineering tools that enable integrated site assessment and decision making and ensure an efficient control of the environment. Some topics supporting sustainable land use and efficient environmental management are listed below: • Efficient management and regulation of contaminated land and the environment; • Early warning and environmental monitoring; • Assessment of contaminated land: the best practices; • Environmental sampling; • Risk characterization and contaminated matrix assessment; • Integrated application of physical, chemical, biological, ecological and (eco) toxicological characterization methods; • Direct toxicity assessment (DTA) and decision making; • Online analyzers, electrodes and biosensors for assessment and monitoring of waters.; • In situ and real-time measurement tools for soil and contaminated sites; • Rapid on-site methods and contaminant and toxicity assessment kits; • Engineering tools from omics technologies, microsensors to heavy machinery; • Dynamic characterization of subsurface soil and groundwater using membrane interface probes, optical and X-ray fl uorescence and ELCAD wastewater characterization; • Geochemical modeling: methods and applications; • Environmental assessment using cyclodextrins. This book series focuses on the state of knowledge about the environment and its conscious and structured application in environmental engineering, management and decision making.