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A new and better way of classifying and managing risks?

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Risk. The probability of an event occurring and the consequences of the event occurring. Does it have to be like that or is there a different, or perhaps even a better way?

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ARTICLES and PAPERS
Supply Chain Flexibility in Strategic Networks
A supply chain as a virtual enterprise network. That is the underlying reasoning in the 2009 paper H[...]
Logistics risks - the new science?
Can logistics become an academic discipline? And can logistics risk be my new academic discipline? A[...]
BOOKS and BOOK CHAPTERS
Risk in Virtual Enterprise Networks
Done...I finally made it! Today I submitted my full chapter for the book on Managing Risk in Virtual[...]
Book review: Cost-Benefit Analysis: Theory and Application
I really enjoyed reading Cost-Benefit Analysis: Theory and Application by Tefvik Nas.  I used this b[...]
REPORTS and WHITEPAPERS
Global Risks 2012
Are economic imbalances and social inequality risk reversing the gains of globalization? Should we s[...]
Risk management - Vocabulary
What is risk management in supply chains? The more I study supply chain risk management, the more co[...]
from HERE and THERE
Economies of scale
In an article in the Norwegian newspaper Dagbladet today, some of Norways's major construction busin[...]
Less cost and less disruptions?
One of the regular readers of my blog alerted me to an article in the NY Times titled Slow Trip Acro[...]