In the field of financial risk management, the 'sell side' is the set of financial institutions who offer risk management products to corporations, governments, and institutional investors, who comprise the 'buy side'. The sell side is often at a significant advantage as it employs quantitative experts who provide specialized knowledge. Further, the existing body of knowledge on risk management, while extensive, is highly technical and mathematical and is directed to the sell side.This book levels the playing field by approaching risk management from the buy side instead, focusing on educating corporate and institutional users of risk management products on the essential knowledge they need to be an intelligent buyer. Rather than teach financial engineering, this volume covers the principles that the buy side should know to enable it to ask the right questions and avoid being misled by the complexity often presented by the sell side.Written in a user-friendly manner, this textbook is ideal for graduate and advanced undergraduate classes in finance and risk management, MBA students specializing in finance, and corporate and institutional investors. The text is accompanied by extensive supporting material including exhibits, end-of-chapter questions and problems, solutions, and PowerPoint slides for lecturers.

Quantitative Risk Analysis is a powerful tool used to help manage risk and improve safety. When used appropriately, it provides a rational basis for evaluating process safety and comparing alternative safety improvements. This guide, an update of an earlier American Chemistry Council (ACC) publication utilizing the "hands-on" experience of CPI risk assessment practitioners and safety professionals involved with the CCPS and ACC, explains how managers and users can make better-informed decisions about QRA, and how plant engineers and process designers can better understand, interpret and use the results of a QRA in their plant.

In every decision problem there are things we know and things we do not know. Risk analysis science uses the best available evidence to assess what we know while it is carefully intentional in the way it addresses the importance of the things we do not know in the evaluation of decision choices and decision outcomes. The field of risk analysis science continues to expand and grow and the second edition of Principles of Risk Analysis: Decision Making Under Uncertainty responds to this evolution with several significant changes. The language has been updated and expanded throughout the text and the book features several new areas of expansion including five new chapters. 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. Features: Details the tasks of risk management, risk assessment, and risk communication in a straightforward, conceptual manner Provides sufficient detail to empower professionals in any discipline to become risk practitioners Expands the risk management emphasis with a new chapter to serve private industry and a growing public sector interest in the growing practice of enterprise risk management Describes dozens of quantitative and qualitative risk assessment tools in a new chapter Practical guidance and ideas for using risk science to improve decisions and their outcomes is found in a new chapter on decision making under uncertainty Practical methods for helping risk professionals to tell their risk story are the focus of a new chapter Features an expanded set of examples of the risk process that demonstrate the growing applications of risk analysis As before, this book continues to appeal to professionals who want to learn and apply risk science in their own professions as well as students preparing for professional careers. This book remains a discipline free guide to the principles of risk analysis that is accessible to all interested practitioners. Files used in the creation of this book and additional exercises as well as a free student version of Palisade Corporation's Decision Tools Suite software are available with the purchase of this book. A less detailed introduction to the risk analysis science tasks of risk management, risk assessment, and risk communication is found in Primer of Risk Analysis: Decision Making Under Uncertainty, Second Edition, ISBN: 978-1-138-31228-9.

Highly practical and useful for practitioners - cuts through a highly technical and complex subject in a useable and easy to follow way but without 'dumbing down'. Focuses on the facilitation of risk management, an area that is glossed over or simply ignored in other books on risk management. Brand new chapters on virtual facilitation and the role of group bias in the assessment of risk.

"Foundations of Risk Analysis" presents the issues core to risk analysis - understanding what risk means, expressing risk, building risk models, addressing uncertainty, and applying probability models to real problems. The author provides the readers with the knowledge and basic thinking they require to successfully manage risk and uncertainty to support decision makin"g." This updated edition reflects recent developments on risk and uncertainty concepts, representations and treatment.

""New material in "Foundations of Risk Analysis "includes: An up to date presentation of how to understand, define and describe risk based on research carried out in recent years. A new definition of the concept of vulnerability consistent with the understanding of risk.Reflections on the need for seeing beyond probabilities to measure/describe uncertainties. A presentation and discussion of a method for assessing the importance of assumptions (uncertainty factors) in the background knowledge that the subjective probabilities are based on A brief introduction to approaches that produce interval (imprecise) probabilities instead of exact probabilities.

In addition the new version provides a number of other improvements, for example, concerning the use of cost-benefit analyses and the As Low As Reasonably Practicable (ALARP) principle.

"Foundations of Risk Analysis" provides a framework for understanding, conducting and using risk analysis suitable for advanced undergraduates, graduates, analysts and researchers from statistics, engineering, finance, medicine and the physical sciences, as well as for managers facing decision making problems involving risk and uncertainty.

Provides a range of up-to-date case studies to help students understand the real world practice of risk management in organisations Includes an overview situating the subject of risk management in the wider context of corporate governance, aiding student understanding The case studies on Tesco and Birmingham City Council are radically updated to reflect recent controversies, whilst a case study on cyber risk is added for the new edition

1. Fully aligned to the NEBOSH International Certificate in Health and Safety (IGC) 2019 syllabus 2. An authoritative and helpful study guide for the c.30,000 students a year worldwide pursuing the IGC qualification 3. Written by renowned health and safety expert and former NEBOSH Vice Chairman Dr Ed Ferrett 4. Accessible text design, clearly mapping out key learning outcomes and revision points for easy learning and memorization 5. Companion guide to the 4th edition of the renowned International Health and Safety at Work textbook

1) Details the entire lifecycle of a pipeline valve, including design, manufacture, installation and maintenance 2) Explains how to ensure pipeline valves are safe, cost effective and reliable 3) Includes case studies on welding, operation and material selection 4) Explains how to prevent environmental damage and minimise risk

Praise for "The CME Group Risk Management Handbook"

"Wow "The CME Group Risk Management Handbook" is a 'ten strike' and long overdue. A must-read and reference for the risk management industry "
--Jack Sandner, retired chairman of CME Group, member of the Executive Committee

"This is a powerful book for its integration of futures and options markets with an understanding of the whole economy. It is an eye-opener to see how central these markets are to our economic lives."
--Robert J. Shiller, Okun Professor of Economics, Yale University; Chief Economist, MacroMarkets LLC

"Risk management is essential to successful investing, and "The CME Group Risk Management Handbook" provides the essentials for understanding risk management. In the wake of the financial turmoil of the last few years, managing risk should be part of any investment program. Among the key elements of risk management are stock index, bond, currency, and commodity futures as well as a growing number of futures, options, swaps, and other financial instruments built on indices tracking housing prices, weather conditions, and the economy. "The CME Group Risk Management Handbook" offers a comprehensive guide for using all of these to better manage financial risks."
--David M. Blitzer, PhD, Managing Director and Chairman of the Index Committee, S&P Indices

"Dare we ignore the advice of a financial institution, the largest of its kind in the world, that navigated the recent financial crisis without the aid of a single TARP dollar or access to the Fed's cheap loans? For CME Group, risk management has meant risk minimization as it enters its 151st year of life and its 85th year of central counterparty clearing without a single trading debt unpaid. It has been, and continues to be, a leader by example."
--Philip McBride Johnson, former CFTC chairman

"For the first time, a comprehensive handbook outlining the futures market in today's world is available. "The CME Group Risk Management Handbook" covers futures basics for the novice trader, while the veterans will benefit from an in-depth look at options and hedging. This handbook is a necessity for any professional, investor, or other market participant seeking to manage risk in the perpetually changing futures market."
--H. Jack Bouroudjian, CEO, Index Futures Group

This collection of essays deals with the situated management of risk in a wide variety of organizational settings - aviation, mental health, railway project management, energy, toy manufacture, financial services, chemicals regulation, and NGOs. Each chapter connects the analysis of risk studies with critical themes in organization studies more generally based on access to, and observations of, actors in the field. The emphasis in these contributions is upon the variety of ways in which organizational actors, in combination with a range of material technologies and artefacts, such as safety reporting systems, risk maps and key risk indicators, accomplish and make sense of the normal work of managing risk - riskwork. In contrast to a preoccupation with disasters and accidents after the event, the volume as whole is focused on the situationally specific character of routine risk management work. It emerges that this riskwork is highly varied, entangled with material artefacts which represent and construct risks and, importantly, is not confined to formal risk management departments or personnel. Each chapter suggests that the distributed nature of this riskwork lives uneasily with formalized risk management protocols and accountability requirements. In addition, riskwork as an organizational process makes contested issues of identity and values readily visible. These 'back stage/back office' encounters with risk are revealed as being as much emotional as they are rationally calculative. Overall, the collection combines constructivist sensibilities about risk objects with a micro-sociological orientation to the study of organizations.

This is a reprint of 978-0-901357-47-2 Ergonomics in action: a practical guide for the workplace is a no-nonsense introduction to the principles of workplace ergonomics. The book is very user-friendly and written in a clear, jargon-free style, and gives straightforward explanations and practical examples. Useful summaries at the end of each chapter highlight key points at a glance. The book focuses on ergonomics in the design process, job design and work organisation. It covers specific areas of ergonomic importance; including hand tools, computer use and manual handling, and also addresses the complex and sometimes controversial topic of upper limb disorders. Ergonomics in action also includes a chapter on the basics of anthropometry and offers several practical case studies to illustrate the human and commercial benefits of following good ergonomic principles. As a consultant ergonomist, Celine McKeown has extensive experience of applying the principles of ergonomics to a wide variety of sectors. She also trains, advises and writes on a broad range of ergonomics and health and safety issues.

Risk and reward are always foremost in the determination of investment decisions and business transactions. Advances in the area of Information Communication Technologies (ICT) have enabled the development of new business paradigms. Such paradigms involve transactions taking place between loosely connected parties, often totally or partially unknown to one another. One important concept required to ensure such transactions are successful is transactional risk. The importance of doing this has been demonstrated in recent financial crisis. This book is unique in simultaneously taking into account the likelihood of an event occurring and its financial impact and provides an integrated discussion of the process of transactional risk identification, assessment, evaluation, management and recording in these emerging domains. It provides a detailed and clear exposition of the importance of transactional risk before detailing for its assessment and evaluation. The scope of the book is theoretical and practical and as such it will have a broad market both within academia and industry. Specifically this book should be of primary interest to researchers, graduate students and practitioners in the area of developing business intelligence techniques and their application in various real world applications.

Risk is a major reason that companies fail in, or fail to enter, China. Packed with case studies, this unique book demonstrates how correctly applied due diligence can not only reduce business risk in China, but also provide excellent business intelligence to support negotiations and business relationships.

The Environmental Management Revision Guide: For the NEBOSH Certificate in Environmental Management is the perfect revision aid for students preparing to take their NEBOSH Certificate in Environmental Management. As well as being a handy companion volume to Brian Waters' NEBOSH-endorsed textbook Introduction to Environmental Management, it will also serve as a useful aide-memoire for those in environmental management roles. The book aims to: Provide practical revision guidance and strategies for students Highlight the key information for each learning outcome of the current NEBOSH syllabus Give students opportunities to test their knowledge based on NEBOSH style questions and additional exercises Provide details of guidance documents publically available that students will be able to refer to. The revision guide is fully aligned to the current NEBOSH syllabus, providing complete coverage in bite-sized chunks, helping students to learn and memorise the most important topics. Throughout the book, the guide refers back to the Introduction to Environmental Management, helping students to consolidate their learning.

This is a reprint of 978-0-901357-47-2 Ergonomics in action: a practical guide for the workplace is a no-nonsense introduction to the principles of workplace ergonomics. The book is very user-friendly and written in a clear, jargon-free style, and gives straightforward explanations and practical examples. Useful summaries at the end of each chapter highlight key points at a glance. The book focuses on ergonomics in the design process, job design and work organisation. It covers specific areas of ergonomic importance; including hand tools, computer use and manual handling, and also addresses the complex and sometimes controversial topic of upper limb disorders. Ergonomics in action also includes a chapter on the basics of anthropometry and offers several practical case studies to illustrate the human and commercial benefits of following good ergonomic principles. As a consultant ergonomist, Celine McKeown has extensive experience of applying the principles of ergonomics to a wide variety of sectors. She also trains, advises and writes on a broad range of ergonomics and health and safety issues.

Praise for "Enterprise Risk Management and COSO: " "A Guide for Directors, Executives, and Practitioners"

""Enterprise Risk Management and COSO" is a comprehensive reference book that presents core management of risk tools in a helpful and organized
way. If you are an internal auditor who is interested in risk management, exploring this book is one of the best ways to gain an understanding of enterprise risk management issues."
--"Naly de Carvalho," "FSA Times"

"This book represents a unique guide on how to manage many of the critical components that constitute an organization's corporate defense program."
--Sean Lyons, Corporate Defense Management (CDM) professional

"This book provides a comprehensive analysis of enterprise risk management and is invaluable to anyone working in the risk management arena. It provides excellent information regarding the COSO framework, control components, control environment, and quantitative risk assessment methodologies. It is a great piece of work."
--J. Richard Claywell, CPA, ABV, CVA, CM&AA, CFFA, CFD

"As digital information continues its exponential growth and more systems become interconnected, the demand and need for proper risk management will continue to increase. I found the book to be very informative, eye-opening, and very pragmatic with an approach to risk management that will not only add value to all boards who are maturing and growing this capability, but also will provide them with competitive advantage in this important area of focus."
--David Olivencia, President, Hispanic IT Executive Council

Optimally manage your company's risks, even in the worst of economic conditions.

There has never been a stronger need for sound risk management than now. Today's organizations are expected to manage a variety of risks that were unthinkable a decade ago. Insightful and compelling, "Enterprise Risk Management and COSO" reveals how to:

Successfully incorporate enterprise risk management into your organization's culture

Foster an environment that rewards open discussion of risks rather than concealment of them

Quantitatively model risks and effectiveness of internal controls

Best discern where risk management resources should be dedicated to minimize occurrence of risk-based events

Test predictive models through empirical data

Dynamic Risk Assessment is the key tool to support a holistic risk management framework. This book aims to help employers, managers and staff alike to understand how they can effectively integrate dynamic risk assessment into business management processes and systems to improve safety. With tips, examples and solutions throughout, this multi-disciplinary text delivers an effective and comprehensive approach to help you to understand how dynamic risk assessment (DRA) can be integrated into predictive (PRA) and strategic risk assessments (SRA) to enhance your organization's effectiveness. The 3-Level Risk Management Model fully supports and complements the systematic 'five steps to risk assessment' process A multi-disciplinary approach to dynamic risk assessment that covers workers operating in teams and those working alone within the public, private and third sectors Contains practical examples, tips and case studies drawn from a wide range of organizations The book comes with access to downloadable materials from an accompanying website at: www.routledge.com/cw/dynamic-risk-assessment

An authoritative handbook on risk management techniques and simulations as applied to financial engineering topics, theories, and statistical methodologies

The Handbook of Financial Risk Management: Simulations and Case Studies illustrates the prac-tical implementation of simulation techniques in the banking and financial industries through the use of real-world applications.

Striking a balance between theory and practice, the "Handbook of Financial Risk Management: Simulations and Case Studies" demonstrates how simulation algorithms can be used to solve practical problems and showcases how accuracy and efficiency in implementing various simulation methods are indispensable tools in risk management. The book provides the reader with an intuitive understanding of financial risk management and deepens insight into those financial products that cannot be priced traditionally. The "Handbook of Financial Risk Management" also features: Examples in each chapter derived from consulting projects, current research, and course instructionTopics such as volatility, fixed-income derivatives, LIBOR Market Models, and risk measuresOver twenty-four recognized simulation modelsCommentary, data sets, and computer subroutines available on a chapter-by-chapter basis

As a complete reference for practitioners, the book is useful in the fields of finance, business, applied statistics, econometrics, and engineering. The "Handbook of Financial Risk Management" is also an excellent text or supplement for graduate and MBA-level students in courses on financial risk management and simulation.

For businesses to grow and be successful their approach to resilience must be defined by a holistic and risk-focused outlook, rather than one which is narrow and dominated by event-oriented continuity practices. The Organizational Resilience Handbook shows that success is as much to do with innovation and the speed with which new products are brought to market as it is with organizations having to deal with unexpected crisis situations. It comprehensively covers the full breadth and depth of the field and introduces related topics such as security, safety, e-commerce, emerging technologies and customer experience. Through adopting a strategic and progressive approach, practitioners can apply the book's methodology to develop an in-depth understanding of resilience within their own organization and use it to effectively engage with the board and senior management in developing strategies for achieving greater resilience capability. A range of high-profile case studies, such as Mercedes, the UK's National Health Service, Alibaba and BP, help to illustrate the concept of resilience by detailing characteristics and behaviours which confirm its meaning. The Organizational Resilience Handbook is a practical guide to self-assessment, benchmarking performance and implementing resilience frameworks in any organization.

This highly original book aims to broaden the discussion about risk, the management of risk and regulation, especially in the financial industry. By using terms of the philosopher Jacques Derrida, Peter Pelzer employs philosophical concepts to enrich the understanding of what risk is about and what is necessarily excluded in contemporary risk management.

The challenges of the current financial environment have revealed the need for a new generation of professionals who combine training in traditional finance disciplines with an understanding of sophisticated quantitative and analytical tools. Risk Management and Simulation shows how simulation modeling and analysis can help you solve risk management problems related to market, credit, operational, business, and strategic risk. Simulation models and methodologies offer an effective way to address many of these problems and are easy for finance professionals to understand and use. Drawing on the author's extensive teaching experience, this accessible book walks you through the concepts, models, and computational techniques. How Simulation Models Can Help You Manage Risk More Effectively Organized into four parts, the book begins with the concepts and framework for risk management. It then introduces the modeling and computational techniques for solving risk management problems, from model development, verification, and validation to designing simulation experiments and conducting appropriate output analysis. The third part of the book delves into specific issues of risk management in a range of risk types. These include market risk, equity risk, interest rate risk, commodity risk, currency risk, credit risk, liquidity risk, and strategic, business, and operational risks. The author also examines insurance as a mechanism for risk management and risk transfer. The final part of the book explores advanced concepts and techniques. The book contains extensive review questions and detailed quantitative or computational exercises in all chapters. Use of MATLAB (R) mathematical software is encouraged and suggestions for MATLAB functions are provided throughout. Learn Step by Step, from Basic Concepts to More Complex Models Packed with applied examples and exercises,

This book covers fire and extinguishing theory and reliability theory and how to validate any survey within the field of engineering. It's based on a year's study of historical literature, using critical review and document analysis. It covers how data is collected, analyzed, and presented. It discusses reliability theory, calculation, and uncertainty analysis, and after validating proposes a new methodology and approach using general scientific value and examples. Features Includes an in-depth study on relevant sprinkler reliability studies based for the first time on critical review and document analysis Presents a scientific validating analysis of studies based on how a survey should be conducted Critiques the fact that reliability of a sprinkler system as its ability to function as designed, has never been subject to surveys Suggestions for new survey methodology that can be used for the field of engineering, including all active and passive fire protection measures Discusses extinguishing theory, general design of extinguishing systems, different systems and the reliability of them all "Reliability Data on Fire Sprinkler Systems" will be of interest to Reliability Engineers, Systems, Architecture and Engineers, Design, Maintenance, Mechanical and, Civil Engineers, as well as those working in the field of fire protection and building and fire codes.

This book provides a comprehensive demonstration of risk analysis as a distinct science covering risk understanding, assessment, perception, communication, management, governance and policy. It presents and discusses the key pillars of this science, and provides guidance on how to conduct high-quality risk analysis. The Science of Risk Analysis seeks to strengthen risk analysis as a field and science by summarizing and extending current work on the topic. It presents the foundation for a distinct risk field and science based on recent research, and explains the difference between applied risk analysis (to provide risk knowledge and tackle risk problems in relation to for example medicine, engineering, business or climate change) and generic risk analysis (on concepts, theories, frameworks, approaches, principles, methods and models to understand, assess, characterise, communicate, manage and govern risk). The book clarifies and describes key risk science concepts, and builds on recent foundational work conducted by the Society for Risk Analysis in order to provide new perspectives on science and risk analysis. The topics covered are accompanied by cases and examples relating to current issues throughout. This book is essential reading for risk analysis professionals, scientists, students and practitioners, and will also be of interest to scientists and practitioners from other fields who apply risk analysis in their work.

Published with ProVention Consortium, UNDP and UN-Habitat 'This excellent book is essential reading for those concerned with urban risk and its reduction in Africa, the most rapidly urbanizing region of the world.'Professor Jo Beall, Development Studies Institute, London School of Economics 'At last a book that recognizes the impacts of disasters on Africa's 350 million urban dwellers, including the many disasters that get overlooked and go unrecorded. But also a book that, through careful case studies, shows what creates disaster risk and what local measures can be taken to address it.'David Satterthwaite, International Institute for Environment and Development (IIED).'This innovative volume combines the latest conceptualisations of urban disaster risk and vulnerability with case studies from across the African continent on how existing and innovative information can inform efforts to address the problems. Coverage ranges from the major catastrophes of news headlines to small, everyday disasters with which poor urban residents have to cope in their survival strategies. Written by international authorities and local specialists, this extremely useful book should find a place in the hands of academics and practitioners alike.'Professor David Simon, Department of Geography, Royal Holloway, University of LondonThis is a one-of-a-kind book packed with original research and offering an innovative way of thinking about the reduction of risk in rapidly urbanizing cities across the globe. It is a must-have for professionals, researchers and policy makers.The book addresses four inter-related themes critical for urban risk reduction: environment; livehood; urban governance and the generation of urban risks. Its focus is on Africa, the most rapidly urbanizing world region, but it illustrates global processes. Part one reviews development, urbanization and disaster risk in Africa as a whole, identifies state-of-the-art practices and policies for building urban resilience and provides a tool kit for urban risk reduction. It also presents a powerful conceptual framework to analyse and compare disaster risk and resilience in different cities and communities. Part two presents detailed case studies from Algeria, Ghana, Senegal, Kenya, Tanzania and South Africa illustrating vulnerability to hazards ranging from earthquake to shack fire, environmental health hazards, traffic hazards and flooding. Part three looks to the future and outlines a vision for a safer urban Africa based on achieving gains in human security through inclusive governance and investment in the creative capacities of Africa's urban dwellers.With foreword by Anna Tibaijuka, Executive Director, UN-HABITAT

Develop and execute a resilient climate change enterprise risk strategy that can be tailored to any organization with this essential guide for risk professionals and business leaders. Climate Change Enterprise Risk Management equips readers with a practical roadmap for how organizations can integrate climate change into their enterprise risk strategy. It offers guidance on how to secure a robust framework that can identify and manage climate threats and opportunities for a business, how to increase the visibility of climate risk management activities at board level, and how and when to implement techniques such as thresholds, mitigation strategies, monitoring capabilities and risk appetite metrics. The book covers both existing best practice risk management tools and how they can be adapted for climate enterprise risk management as well as new interdisciplinary tools like stakeholder mapping. Climate Change Enterprise Risk Management is richly supported by global examples, interviews and case studies representing a wide range of companies and industries including the insurance, finance, infrastructure, oil and gas, legal and auditing sectors. This is a must-read for all risk professionals and business leaders involved in developing and executing enterprise risk management and strategy. It will also be valuable reading for students taking modules on enterprise risk management and climate change, sustainable business and risk management.