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First published in 1998 and now already in its 3rd edition in 2009, but still unknown to me, although I have been studying risk since the early 90s, Risk Modeling Assessment and Management by Yacov Haimes is not for those looking for a quick Wikipedia-like answer on how to analyze risk. It is an extensive work that on its downside may require many hours of studying. On the upside, however, it does contain all you would ever need to know and may not even want to know about the state of the art of risk analysis, a rapidly growing field with important applications in engineering, science, manufacturing, business, homeland security, management, and public policy. And it shows examples of how to apply risk analysis to all these fields.
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This is a paper that has been collecting dust in my articles archive for quite a while, but it is indeed a paper that shouldn’t be hidden to the readers of my blog and it deserves to be promoted. The reason why I like it is because it adopts a holistic approach to model the interconnectedness and interdependencies of infrastructure systems. Infrastructure Risk Analysis Model, written by Barry C Ezell, John V Farr and Ian Wiese and published in 2000 describes an infrastructure risk analysis model that in a straightforward engineering manner considers possible threats, potential impacts and their mitigation.
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Today I am presenting a paper from an old friend of mine. Well, “friend” is perhaps a slight exaggeration, as I have only met him a few times, but his work has nevertheless been a great inspiration to me over the years, since we work in the same field: transport network vulnerability. In 2006 Erik Jenelius from KTH in Stockholm, Sweden, together with Tom Petersen and Lars Göran Mattson published Importance and exposure in road network vulnerability analysis, where they introduce the concepts of link importance and site exposure. In the paper they calculate several indices for link importance and site exposure for the Swedish road network, based on the increase in generalized travel cost when links are closed.
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This is a post that has been in the making for a long time, but it too, like so many other potential topics this summer, fell victim to the infamous writer’s block I eluded to in a post a couple days back. What I had the intention of doing before my muse suddenly left me, was to present a great new resource for supply chain professionals: Logipi.com, a site that boldly presents itself as the place for 21st century supply chain knowledge, learning and networking. And is it? Yes, indeed. Read my review and judge for yourself.
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If you are a researcher, a student, a professor and if you have an academic interest in Supply Chain Risk Management or if you simply would like to know the latest research that is going on in this exciting field, the ISCRIM Newsletter is an indispensable resource. Published 2-3 times a year by the International Supply Chain Risk Management Network the newsletter has the latest on published articles, research reports, PhD theses, weblinks, and some buzz from the people who work with supply chain risk research for a living.
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