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What is risk?

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What is risk, and how can it be expressed? Different international standards, such as the AS/NZS 3460 Risk Management Standard, the COSO ERM framework and the ISO 31000 Risk Management Standard do not provide adequate guidance for risk assessments and lack the necessary precision.

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ARTICLES and PAPERS
Occupational hazards in supply chains
Material breakages and damages are not unknown incidents in supply chains, but material damage and o[...]
Risk and Uncertainty in Supply Chain Management
I've searched and scoured numerous academic journals in order to find literature I can use for this [...]
BOOKS and BOOK CHAPTERS
Book Review: Risk Modeling, Assessment, and Management
First published in 1998 and now already in its 3rd edition in 2009, but still unknown to me, althoug[...]
Book review: The Network Reliability of Transport
I guess you would have to have attended the conference yourself or be a researcher in this very fiel[...]
REPORTS and WHITEPAPERS
The supply chain of the future
A recent report by IBM, referenced by Supply Chain Digest in IBM Lays Out its Vision for the Supply [...]
Highway Vulnerability and Criticality Assessment
Transportation vulnerability and resilience have been the focus of this blog for the past two days, [...]
from HERE and THERE
The Swedish Road Network - Vulnerable or not?
The Royal Institute of Technology in Stockholm, Sweden KTH is in the finishing stages of a research [...]
Economies of scale
In an article in the Norwegian newspaper Dagbladet today, some of Norways's major construction busin[...]