Risk Management : With Applications from the Offshore Petroleum Industry
2007 ed.
Book Details
Format
Hardback or Cased Book
Book Series
Springer Series in Reliability Engineering
ISBN-10
1846286522
ISBN-13
9781846286520
Edition
2007 ed.
Publisher
Springer London Ltd
Imprint
Springer London Ltd
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Feb 15th, 2007
Print length
200 Pages
Weight
468 grams
Dimensions
23.70 x 16.40 x 2.00 cms
Product Classification:
Management decision makingPetroleum & oil industriesPetroleum, oil and gas industries
Ksh 23,400.00
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Risk management is a decision-making process which considers various factors with risk assessments relating to a potential hazard, in order to develop regulatory response options.
This book presents a risk management framework designed to achieve better decisions and more desirable outcomes. It 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. 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.
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