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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
Broader research = better research?
I have always seen myself as a cross-disciplinary thinker, and I guess that is why I am so often sid[...]
Catastrophic events in supply chains
After studying supply chain risk research for some time I have begun to realize that  much of the su[...]
BOOKS and BOOK CHAPTERS
One bad apple...
...spoils the barrel? Yesterday I sat down to prepare a review of this book, Managing Risks in Suppl[...]
Book Review: How Nature Works
How Nature works is a fascinating book. I first heard of the late Per Bak and his sandpile theories [...]
REPORTS and WHITEPAPERS
The Benefits of Investing in Supply Chain Security
With the memory of attacks by Somali pirates still fresh in mind, supply chain security has come to [...]
Stemming the rising tide
Are you are taking radically different actions than your peers when it comes to supply chain risk ma[...]
from HERE and THERE
Extreme Weather Hazards and Transportation Vulnerability
Weather Extremes: Assessment of Impacts on Transport Systems and Hazards for European Regions. That [...]
Road Transportation Management using GIS – vehicle routing and tracking
Roads are main arteries of modern society’s infrastructure, contributing heavily to the distribution[...]