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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
What kind of Supplychainist are you?
With an ever-increasing number of companies outsourcing all non-core activities and  manufacturing t[...]
Supply Chain Risk and Vulnerability in Indonesia
Indonesia. 17000 islands spread over a distance of 6000 kilometres. Mega-cities and remote desolate [...]
BOOKS and BOOK CHAPTERS
Book Review: Managing Risk and Security
One of my readers suggested this book to me via  a comment on my supply chain literature list pages[...]
Book Review: Logistics Management and Strategy
Logistics Management and Strategy by Alan Harrison and Remko van Hoek does come at very hefty price,[...]
REPORTS and WHITEPAPERS
When disaster strikes...
...how does the transportation network recover? And why are transportation networks so essential to [...]
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
In memoriam David Kaye
Sad news. I don't always keep up with the subjects of my reviews, and today I was very saddened to l[...]
Road Transportation Management using GIS – vehicle routing and tracking
Roads are main arteries of modern society’s infrastructure, contributing heavily to the distribution[...]