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Risk Management

In: Risks in Technological Systems

Author

Listed:
  • Terje Aven

    (University of Stavanger)

Abstract
This chapter reviews and discusses the basic issues and principles of risk management, including: • Risk acceptability (tolerability) • Risk reduction and the ALARP principle • Cautionary and precautionary principles and presents a case study showing the importance of these issues and principles in a practical management context. Before we take a closer look, let us briefly address some basic features of risk management.

Suggested Citation

  • Terje Aven, 2010. "Risk Management," Springer Series in Reliability Engineering, in: Göran Grimvall & Åke J. Holmgren & Per Jacobsson & Torbjörn Thedéen (ed.), Risks in Technological Systems, chapter 12, pages 175-198, Springer.
    • Handle: RePEc:spr:ssrchp:978-1-84882-641-0_12
    DOI: 10.1007/978-1-84882-641-0_12
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    Cited by:

    1. Wu, Zhongqun & Yang, Chan & Zheng, Ruijin, 2022. "Developing a holistic fuzzy hierarchy-cloud assessment model for the connection risk of renewable energy microgrid," Energy, Elsevier, vol. 245(C).

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