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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
Supplier selection based on supplier risk
It's amazing how supply chain risk papers appear in the unlikeliest of places, and today I discovere[...]
The impact of supply chain disasters
Disasters. The result: Damaged infrastructure. End result: Disrupted supply chains. But how do disas[...]
BOOKS and BOOK CHAPTERS
Book Review: The Full Costs and Benefits of Transportation
This book, The Full Costs and Benefits of Transportation: Contributions to Theory, Method and Measur[...]
Book Review: This is where raster GIS started...
...well not really, but Geographic Information Systems and Cartographic Modeling by Dana Tomlin spar[...]
REPORTS and WHITEPAPERS
Engineering transportation lifelines
New Zealand is probably not the fist country that comes to mind when thinking of state-of-the-art tr[...]
Supply Chain Security
Today's supply chains circle the globe and form the backbone of world trade and a are major factor i[...]
from HERE and THERE
The curse of being oil-rich
Ah...the complacency of being oil rich. So complacent, in fact, that we forget about our infrastruct[...]
Supply Chain Management - Emergency Management
Yes. No doubt about it. Reduction, Readiness, Response and Recovery are four key elements in the New[...]