(Ebook) Risk Analysis in Engineering and Economics by Bilal M. Ayyub ISBN 9781466518254, 1466518251

(Ebook) Risk Analysis in Engineering and Economics by Bilal M. Ayyub ISBN 9781466518254, 1466518251

Risk Analysis in Engineering and Economics is required reading for decision making under conditions of uncertainty. The authordescribes the fundamental concepts, techniques, and applications of the subject in a style tailored to meet the needs of students and practitioners of engineering, science, economics, and finance. Drawing on his extensive experience in uncertainty and risk modeling and analysis, the author covers everything from basic theory and key computational algorithms to data needs, sources, and collection. He emphasizes practical use of the methods presented and carefully examines the limitations, advantages, and disadvantages of each to help readers translate the discussed techniques into real-world solutions.This Second Edition: Introduces the topic of risk financeIncorporates homeland security applications throughoutOffers additional material on predictive risk managementIncludes a wealth of new and updated end-of-chapter problemsDelivers a complementary mix of theoretical background and risk methodsBrings together engineering and economics on balanced terms to enable appropriate decision makingPresents performance segregation and aggregation within a risk frameworkContains contemporary case studies, such as protecting hurricane-prone regions and critical infrastructureProvides 320+ tables and figures, over 110 diverse examples, numerous end-of-book references, and a bibliography Unlike the classical books on reliability and risk management, Risk Analysis in Engineering and Economics, Second Edition relates underlying concepts to everyday applications, ensuring solid understanding and use of the methods of risk analysis.