Blog Archives

The capability concept

Capability is an important measure in adressing vulnerabilities and in assessing resilience. Is there a way to quantitatively describe what capability entails?

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What is risk?

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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Not all risk is risk

The article lists and discusses eight risk definitions, and then suggests an alternative and comprehensive definition that captures all aspects of risk.

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Risk versus vulnerability

In this paper safety and security are brought together in a unifying risk and vulnerability framework that covers both accidental and malicious events.

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Certain death: Not risky. Uncertain death: risky.

It is only when the consequences of actions and events are uncertain that these actions and events are truly risky.

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ARTICLES and PAPERS
Strategies for managing risk in multinational corporations
In my post two days ago, reviewing the article by Manuj and Mentzer (2008) titled Global Supply Chai[...]
Risk Analysis of Critical Infrastructures
The vulnerability of critical infrastructures is a recurring theme on this blog, and today's article[...]
BOOKS and BOOK CHAPTERS
Can your business take a blow?
Are you prepared for whatever mishaps your business throws at you? If you're not, you better start l[...]
Book Review: Managing Risk and Resilience in the Supply Chain
This book is a gem. To me. Where Helen Peck in her article Reconciling supply chain vulnerability, r[...]
REPORTS and WHITEPAPERS
Infrastructure - essential for competitiveness?
Regular readers of this blog may have noticed my regular rants about the state of the Norwegian infr[...]
America’s Crumbling Infrastructure
My daily morning routine includes a cup of coffee while watching the World Business Report on BBC Wo[...]
from HERE and THERE
Volcanic ash cloud - really a surprise?
Last week a volcanic eruption on Iceland took Europe's civil aviation authorities by total surprise,[...]
Sparse transportation networks - a nightmare
E6 Steinkjer Løsberga
Now it has happened again. Hardly a week goes by in Norway without a major supply chain disruption. [...]