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
Finding the right location - minimizing disruption costs
Classical facility location models assume that once optimally located and set up, facilities will op[...]
Global Supply Chain Risk Management
Finally it appears that someone has developed an easy, hands-on, not-so-academic and straightforward[...]
BOOKS and BOOK CHAPTERS
Book review: Transport - Economics and Management
Kept at an executive level, Transport: An Economics and Management Perspective by David A. Hensher a[...]
Book Review - Fraud Risk
Last year I was approached by Gower Publishing and invited to review their Short Guides to Business [...]
REPORTS and WHITEPAPERS
Engineering transportation lifelines
New Zealand is probably not the fist country that comes to mind when thinking of state-of-the-art tr[...]
When disaster strikes...
...how does the transportation network recover? And why are transportation networks so essential to [...]
from HERE and THERE
Can Somali pirates bring down supply chains?
The BBC news this morning ran an interesting and worrying story: Shipping companies are considering [...]
Three steps to make your supply chain less vulnerable
Some time ago, Jeff Karrenbauer, CEO of Insight Inc., a top international provider of supply chain p[...]