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Principles of Risk Analysis: Decision Making Under Uncertainty Hardcover – 15 September 2011

4.6 4.6 out of 5 stars 10 ratings
Edition: 1st

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In every decision context there are things we know and things we do not know. Risk analysis uses science and the best available evidence to assess what we know―and it is intentional in the way it addresses the importance of the things we don’t know. Principles of Risk Analysis: Decision Making Under Uncertainty lays out the tasks of risk analysis in a straightforward, conceptual manner that is consistent with the risk models of all communities of practice. It answers the questions "what is risk analysis?" and "how do I do this?"

Distilling the common principles of the many risk tribes and dialects into serviceable definitions and narratives, the book provides a foundation for the practice of risk analysis and decision making under uncertainty for professionals from all walks of life. In the first part of the book, readers learn the language, models, and concepts of risk analysis and its three component tasks―risk management, assessment, and communication. The second part of the book supplies the tools, techniques, and methodologies to help readers apply the principles. From problem identification and brainstorming to model building and choosing a probability distribution, the author walks readers through the how-to of risk assessment. Addressing the critical task of risk communication, he explains how to present the results of assessments and how to develop effective messages.

The book’s simple and straightforward style―based on the author’s decades of experience as a risk analyst, trainer, and educator―strips away the mysterious aura that often accompanies risk analysis. It describes the principles in a manner that empowers readers to begin the practice of risk analysis, to better understand and use the models and practice of their individual fields, and to gain access to the rich and sophisticated professional literature on risk analysis.

Additional exercises as well as a free student version of the Palisade Corporation DecisionTools® Suite software and files used in the preparation of this book are available for download.

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Product description

From the Publisher

Charles Yoe is a professor of economics at Notre Dame of Maryland University, Baltimore, U.S.A., and an independent risk analysis consultant and trainer. Working extensively for U.S. and other government agencies as a consultant and risk analyst, his wide range of risk experience includes international trade, food safety, natural disasters, public works, homeland security, ecosystem restoration, resource development, navigation, planning, and water resources. As a consultant to private industry, his work includes a discrete but wide variety of concerns. He has trained professionals from more than one hundred countries in risk analysis and conducted customized risk training programs for government agencies and private industry in over two dozen nations.

About the Author

Charles Yoe is a professor of economics at Notre Dame of Maryland University, Baltimore, U.S.A., and an independent risk analysis consultant and trainer. Working extensively for U.S. and other government agencies as a consultant and risk analyst, his wide range of risk experience includes international trade, food safety, natural disasters, public works, homeland security, ecosystem restoration, resource development, navigation, planning, and water resources. As a consultant to private industry, his work includes a discrete but wide variety of concerns. He has trained professionals from more than one hundred countries in risk analysis and conducted customized risk training programs for government agencies and private industry in over two dozen nations.

Product details

  • Publisher ‏ : ‎ CRC Press; 1st edition (15 September 2011)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 584 pages
  • ISBN-10 ‏ : ‎ 1439857490
  • ISBN-13 ‏ : ‎ 978-1439857496
  • Dimensions ‏ : ‎ 15.24 x 3.18 x 23.5 cm
  • Customer Reviews:
    4.6 4.6 out of 5 stars 10 ratings

About the author

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Charles E. Yoe
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I am a risk analyst/planner/economist but at heart I think I am a teacher. My years of natural resource planning led me into the new area of risk analysis where I was able to gain experience and develop skills that took me into food safety & defense, ecosystem restoration, international trade, public works, natural disasters and a wide variety of risk and planning issues for private industry. Cross fertilizing experiences in these fields & bringing lessons learned to the classroom has been fun.

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MjV
5.0 out of 5 stars good
Reviewed in the United States on 18 May 2017
Verified Purchase
there are not many books that get into this subject as does this one. the print quality is a bit on the down side, but the contents are solid and worth the price of the book.
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ErickO Mtz. A.
5.0 out of 5 stars The risk is a topic very interesting for me
Reviewed in the United States on 18 December 2019
Verified Purchase
Excelent book!!!
mezzovoce
3.0 out of 5 stars Great Risk text; Poor binding on 2nd purchase
Reviewed in the United States on 24 December 2015
Verified Purchase
OK, I’m continuing in my graduate program and the first text was lost in a move, so I had to buy it again. There’s nothing wrong with the content, it’s a comprehensive overview of the subject. However, this second copy has a completely broken binding. My class starts in just a few days, so I don’t have time for an exchange. I guess I got a deal, given the list price, but spending over $150, one would expect the quality of the binding to be sufficient to hold the text together for at least a term. It’s going to be in pieces after one use.
Hadi Alrahahleh
5.0 out of 5 stars Five Stars
Reviewed in the United States on 9 September 2017
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great Book with great Information!! a book that gets into the weaves of Risk.
Critique 4 Life
5.0 out of 5 stars Five Stars
Reviewed in the United States on 22 April 2016
Verified Purchase
Great!