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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
A-maze-ing discoveries
Today's post is on how looking up new articles from reference lists can lead to amazing discoveries,[...]
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: Supply Chain Risk Management
This excellent book by Donald Waters, Supply Chain Risk Management: Vulnerability and Resilience in [...]
Book Review: The Full Costs and Benefits of Transportation
This book, The Full Costs and Benefits of Transportation: Contributions to Theory, Method and Measur[...]
REPORTS and WHITEPAPERS
Vulnerable or valuable supply chain?
More than a year old now, but still holding not so few words of wisdom is the Pricewaterhouse Cooper[...]
Calculating the Value-at-Risk
Some of you may remember that I posted about the SCOR Framework for Supply Chain Risk Management ear[...]
from HERE and THERE
Customs Research meets Customs Practice
Customs. A real hassle and a nuisance at times, but also a necessary evil in international trade. "E[...]
Time is precious
Swiss Railway Watch
Time.  A highly valued asset in much of supply chain management and logistics operations. Time matte[...]