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Advanced risk analysis in engineering enterprise systems by Cesar Ariel Pinto

By Cesar Ariel Pinto

"Preface Engineering brand new platforms is a demanding and complicated job. more and more, structures are engineered by way of bringing jointly many separate structures, which jointly supply an total power that's in a different way impossible. Many platforms now not bodily exist inside in actual fact outlined barriers, are characterised via their ubiquity and shortage of specification, and are unbounded, for instance, the net. More Read more...

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However, foundational perspectives on ways to view this space exist in the literature and in the scientific community. 2. 1 in the form of a literature map. The three axes shown represent engineering systems, risk and decision theory, and engineering risk management. General systems theory provides a foundation for how aspects of these disciplines are applied to the approaches presented in this book. 2 General Systems Theory We begin this discussion with a definition of the word system. A system is an interacting mix of elements forming an intended whole greater than the sum of its parts.

Epistemic uncertainty refers to uncertainty about an event due to incomplete knowledge (Ayyub, 2001). For example, the cost of engineering a future system is an epistemic uncertainty. We analyze uncertainty for the purpose of measuring risk. In an engineering system, the analysis might involve measuring the risk of failing to achieve performance objectives, overrunning the budgeted cost, or delivering the system too late to meet users’ needs. Why is the probability formalism used in risk management?

Discuss how this process might be tailored for use in a risk management program designed for engineering an enterprise system that consists of a web of systems and systems-of-systems. 1. Enumerate what you consider to be key lessons from this project, as they relate to risks and their consequences. For each lesson in your list, write what you would do to ensure that such risks are minimized (or eliminated) if you were the risk manager on a project with similar challenges. 1 Introduction This chapter introduces literature foundational to general systems theory, risk and decision theory, and their application to engineering risk management.

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