Add to ORKGOptimal risk mitigation and risk-taking requires optimal framing and working assumptions using an overall optimality concept. Working assumptions should be specific to the context addressed, but framing assumptions and basic tools should be common for all application areas. The role of all three should be keeping any formal analysis as simple as possible, but introducing complexity which pays whenever it pays. This article uses case study examples to illustrate key issues
This thesis aims to provide a foundation for risk-aware decision making. Decision making under uncer...
The theory of risk measurement has been extensively developed over the past ten years or so, but the...
A simple risky situation is studied in the framework of consumption theory. Saving is shown to be a ...
The efficiency with which risks can be mitigated should be considered a critical factor in decisions...
Individuals continually confront a discrepancy between ever expanding and changing wants and the mea...
Nowadays mathematical modeling and optimization techniques are used in many areas of science. The ma...
This paper provides an analytical solution to the problem of how an institution might optimally mana...
The public defense will be also organized via remote technology. Link: https://aalto.zoom.us/j/69611...
The article features exact algorithms for reduction of technical risk by (1) optimal allocation of r...
Scenario optimization considers decisions made on the grounds of past experience. A scenario decisio...
An optimal insurance contract against a climatic risk is derived in the presence of an uninsurable a...
Decision making in general is a difficult issue due to the significant underlying uncertainties and ...
ABSTRACT: Risk protection measures against natural hazards are typically costly structures with a lo...
Abstract. Security risk analysis should be conducted regularly to main-tain an acceptable level of s...
Risk systems refer to phenomena such as gambling, investing in stocks, and issuing insurance policie...
This thesis aims to provide a foundation for risk-aware decision making. Decision making under uncer...
The theory of risk measurement has been extensively developed over the past ten years or so, but the...
A simple risky situation is studied in the framework of consumption theory. Saving is shown to be a ...
The efficiency with which risks can be mitigated should be considered a critical factor in decisions...
Individuals continually confront a discrepancy between ever expanding and changing wants and the mea...
Nowadays mathematical modeling and optimization techniques are used in many areas of science. The ma...
This paper provides an analytical solution to the problem of how an institution might optimally mana...
The public defense will be also organized via remote technology. Link: https://aalto.zoom.us/j/69611...
The article features exact algorithms for reduction of technical risk by (1) optimal allocation of r...
Scenario optimization considers decisions made on the grounds of past experience. A scenario decisio...
An optimal insurance contract against a climatic risk is derived in the presence of an uninsurable a...
Decision making in general is a difficult issue due to the significant underlying uncertainties and ...
ABSTRACT: Risk protection measures against natural hazards are typically costly structures with a lo...
Abstract. Security risk analysis should be conducted regularly to main-tain an acceptable level of s...
Risk systems refer to phenomena such as gambling, investing in stocks, and issuing insurance policie...
This thesis aims to provide a foundation for risk-aware decision making. Decision making under uncer...
The theory of risk measurement has been extensively developed over the past ten years or so, but the...
A simple risky situation is studied in the framework of consumption theory. Saving is shown to be a ...