Risk Management: With Applications from the Offshore Petroleum Industry (Springer Series in Reliability Engineering)
| Author | : | |
| Rating | : | 4.44 (813 Votes) |
| Asin | : | 1846286522 |
| Format Type | : | paperback |
| Number of Pages | : | 200 Pages |
| Publish Date | : | 2015-01-04 |
| Language | : | English |
DESCRIPTION:
It presents an in-depth discussion of some fundamental principles of risk management related to the use of expected values, uncertainty handling, and risk acceptance criteria. This book presents a risk management framework designed to achieve better decisions and more desirable outcomes. Several examples from the offshore petroleum industry are included to illustrate the use of the framework, but it can also be applied in other areas.
His professional career includes experience in the petroleum industry (Statoil and Total), and work as a private consultant (as the founder of Safetec Nordic AS and Preventor AS), in addition to his time in research and education. Terje Aven is Professor of Risk Analysis and Management at University of Stavanger, Norway. His professional career includes experience in the petroleum industry (Statoil) in addition to his time in research and e
Heavy on philosophy, low on maths Hugh Jarse If you're looking for a book behind the philosophy of risk management, this is a good background read. If you're looking for a "how to" manual look elsewhere.
… would also be found useful by the students and teachers at universities in pursuing or teaching a risk management course." (Krishna B. … For the industry’s practitioners, it provides a ready-made decision making framework in which to tackle decision making in high risk environments … . This book should prove essential reading for the industry’s decision makers … .” (Nicholas Newman, Oxford Prospect, September, 2010). Misra, International Journal of Performability Engineering, Vol. From the reviews:"This book is about making decisions in the face of risks and uncertainties and they outline the challeng