Operational risk management

Author

Beroggi, Giampiero E G ; Wallace, William A.

Author_Institution

Dept. of Syst. Eng., Policy Anal. & Manage., Delft Univ. of Technol., Netherlands

fYear

1998

fDate

11-13 Oct 1998

Firstpage

447

Lastpage

451

Abstract

Risk management of human-technological systems has focused on strategic planning for prevention, mitigation, response and recovery activities. The growing availability and accessibility of advanced information and communications technologies provide the opportunity for operational risk management (ORM). In this paper, the authors define ORM and summarize their research results as reported in their most recent book. This paper highlights the core concepts of ORM, discusses decision support technologies for ORM, and presents applications in transportation and emergency response

Keywords

risk management; strategic planning; core concepts; decision support technologies; emergency response; human-technological systems; mitigation; operational risk management; prevention; recovery; response; strategic planning; transportation; Communication system control; Communications technology; Decision making; Decision support systems; Humans; Logic; Real time systems; Risk management; Strategic planning; Technology management;

fLanguage

English

Publisher

ieee

Conference_Titel

Engineering and Technology Management, 1998. Pioneering New Technologies: Management Issues and Challenges in the Third Millennium. IEMC '98 Proceedings. International Conference on

Conference_Location

San Juan, PR

Print_ISBN

0-7803-5082-0

Type

conf

DOI

10.1109/IEMC.1998.727802

Filename

727802