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
Maritime Vulnerability
Maritime transport is a vital backbone of today's global and complex supply chains. Unfortunately, t[...]
Strategic Alliances: Trust Control Risk
Can strategic alliances really work?  In Trust, Control and Risk in Strategic Alliances, Das & T[...]
BOOKS and BOOK CHAPTERS
Transportation Hazards
This is an updated and extended review of  the Handbook of Transportation Engineering by Myer Kutz ([...]
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
Supply Chain Security
Today's supply chains circle the globe and form the backbone of world trade and a are major factor i[...]
Supply chain vulnerability: an invisible global risk?
Supply chain disruption - a global issue? All companies and governments dependent on external suppli[...]
from HERE and THERE
Transportation reliability and vulnerability
This is a philosophical essay on transportation vulnerability, where three fields or subjects are br[...]
What are you afraid of?
What do businesses in Scandinavia fear the most? That is what Nordic insurance giant If Insurance de[...]