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Computer Supported Risk Management Between Scylla and Charybdis
Abstract This chapter compares computerized risk management with manual risk management to identify relative strengths and weaknesses. Risk management is seen as the process by which control of the risk is exercised. This can take several forms, focusing on risk control, risk reduction, and risk containment. Risk management can also be used retrospectively as in accident analyses, prospectively as in risk analysis and risk assessment, and synchronously as an on-line course of action. In all cases risk management relies on the use of adequate models which must include all aspects of the system. In manually performed risk management, i.e., without assistance of computers, the main problem is the unavoidable incompleteness of the analyses. In computerized risk management the main problem is the inaccuracy that dependence on computers provide. When carefully used, computerized risk management can improve the models with increasing the inaccuracy. It does, however, require that the notion of computerized risk management is enlarged to include itself as part of the system.
Computer Supported Risk Management Between Scylla and Charybdis
Abstract This chapter compares computerized risk management with manual risk management to identify relative strengths and weaknesses. Risk management is seen as the process by which control of the risk is exercised. This can take several forms, focusing on risk control, risk reduction, and risk containment. Risk management can also be used retrospectively as in accident analyses, prospectively as in risk analysis and risk assessment, and synchronously as an on-line course of action. In all cases risk management relies on the use of adequate models which must include all aspects of the system. In manually performed risk management, i.e., without assistance of computers, the main problem is the unavoidable incompleteness of the analyses. In computerized risk management the main problem is the inaccuracy that dependence on computers provide. When carefully used, computerized risk management can improve the models with increasing the inaccuracy. It does, however, require that the notion of computerized risk management is enlarged to include itself as part of the system.
Computer Supported Risk Management Between Scylla and Charybdis
Hollnagel, Erik (author)
1995-01-01
16 pages
Article/Chapter (Book)
Electronic Resource
English
Risk Management , Manual Method , Target System , Risk Control , Management Control System Engineering , Civil Engineering , Electronics and Microelectronics, Instrumentation , Engineering, general , Environmental Management , Data Structures, Cryptology and Information Theory , Quality Control, Reliability, Safety and Risk
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