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Books > Business & Economics > Business & management > Management & management techniques > Management decision making

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Risk Management - With Applications from the Offshore Petroleum Industry (Hardcover, 2007 ed.) Loot Price: R4,304
Discovery Miles 43 040
Risk Management - With Applications from the Offshore Petroleum Industry (Hardcover, 2007 ed.): Terje Aven, Jan Erik Vinnem

Risk Management - With Applications from the Offshore Petroleum Industry (Hardcover, 2007 ed.)

Terje Aven, Jan Erik Vinnem

Series: Springer Series in Reliability Engineering

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Loot Price R4,304 Discovery Miles 43 040 | Repayment Terms: R403 pm x 12*

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Risk management is a decision-making process which considers political, social, economic and engineering factors with relevant risk assessments relating to a potential hazard in order to develop, analyse and compare options to facilitate the selection of the optimal regulatory response for safety from that hazard. Rapid technological developments, organisational changes and increased demand for efficiency have all influenced the vulnerability of our society. As a result, safety and risk management is becoming an increasingly important field.

Risk Management with Applications from the Offshore Petroleum Industry 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. A decision framework for risk management is developed that provides a structure for the classification of risk decision problems and a procedure for the execution of the related decision-making processes. 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.

With the inclusion of a risk management framework designed to achieve better decisions and therefore more desirable outcomes, Risk Management with Applications from the Offshore Petroleum Industry is a valuable resource for practitioners in the industry, engineering managers and regulatory authorities. Graduate students and researchers in risk management will find this book a comprehensive reference.

General

Imprint: Springer London
Country of origin: United Kingdom
Series: Springer Series in Reliability Engineering
Release date: February 2007
First published: 2007
Authors: Terje Aven • Jan Erik Vinnem
Dimensions: 235 x 155 x 20mm (L x W x T)
Format: Hardcover
Pages: 200
Edition: 2007 ed.
ISBN-13: 978-1-84628-652-0
Categories: Books > Business & Economics > Industry & industrial studies > Energy industries & utilities > Petroleum & oil industries
Books > Business & Economics > Business & management > Management & management techniques > Management decision making > General
LSN: 1-84628-652-2
Barcode: 9781846286520

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