Risk management of complex critical systems

Andrew Koubatis and Jorge Yerena Schonberger

International Journal of Critical Infrastructures, 2005, vol. 1, issue 2/3, 195-215

Abstract: It is crucial to examine the changing panorama of vulnerabilities and criticalities in our increasingly interconnected world. Understanding the meaning of complexity and its implications allows us to see the interconnectedness of the world for enhanced risk management in technical and social systems. In this respect, a framework to assess complex systems is necessary to understand vulnerabilities and risks. We explain how this framework can provide a quick, higher-level view and preliminary risk management screening prior to proceeding into specific and costly analyses.

Keywords: risk management; complexity; interdependent systems; risk assessment framework; interdependency; vulnerability; critical systems; critical infrastructures. (search for similar items in EconPapers)
Date: 2005
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