Risk in Extreme Environments

Preparing, Avoiding, Mitigating and Managing

By Vicki Bier

© 2016 – Routledge

325 pages

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Hardback: 9781472439901
pub: 2016-12-30
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About the Book

Risk in Extreme Environments presents a wide-ranging discussion of approaches for assessing and managing extreme risks. Extreme events are not only severe, but also outside the normal range of experience of the system in question, and can include environmental catastrophe; engineering failure; financial or business meltdown; nuclear or other extreme terrorism. The book focuses on synthesizing research results in a way that provides insights useful to decision makers, and enables them to ask probing questions about the risks faced by their organizations, identify creative solutions, and minimize the neglect of extreme risks that can come from a focus on mundane or ordinary management challenges.

The book details case studies on nuclear power, infectious diseases, and global catastrophic risks, in addition to sections on risk assessment, risk management, and risk perceptions. Since effective management benefits from an interdisciplinary perspective, the chapter authors include experts in economics, engineering, geography, law, political science, psychology, sociology, and science in addition to risk analysis.

Risk in Extreme Environments is an accessible and valuable resource for risk managers and other decision makers responsible for large complex business and government decisions, while also providing enough detail and references to be informative for risk analysts interested in learning more about technical aspects of the various methods.

About the Author

Dr. Bier is a Professor in the Department of Industrial and Systems Engineering at the University of Wisconsin-Madison. She has written a number of papers on extreme risk, and is a co-author or editor of four books in addition to this one.

Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General