Description:
This book describes the fundamental concepts, methods, and applications of risk analysis and management. Containing contemporary case studies, such as protecting hurricane-prone regions and critical infrastructure, the second edition covers risk finance, predictive risk management, and performance segregation and aggregation within a risk framework. To help readers translate discussed techniques into real-world solutions, the book includes a wealth of new and updated end-of-chapter problems, 320+ tables and figures, over 110 diverse examples, numerous end-of-book references, and a bibliography. Plus, homeland security applications are incorporated throughout.
Review Quotes:
Praise for the First Edition
"This book ambitiously tackles risk analysis from the ground up. ... an excellent reference for individuals studying in a variety of risk-related disciplines. ... enlightening [examples]...attractive to students approaching risk studies from a variety of substantive backgrounds. ... Advanced students are likely to find Ayyub's treatments...exceedingly valuable."
--Journal of the American Statistical Association, June 2004, Vol. 99, No. 466
"... a good textbook and reference. The mix of engineering and economics is well balanced. ... Valuable for students after college and useful for professional engineers."
--Technometrics, August 2004, Vol. 46, No. 3
Praise for the Second Edition
"... one of a kind in the market. ... I am not aware of books that cover the subject in as comprehensive a manner."
--Professor Nii O. Attoh-Okine, University of Delaware, Newark, USA