Example No. 1 on Accounting for Dependencies Between Risk Scenarios

Allan S. Benjamin
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Allan S. Benjamin: Allan Benjamin Company

Chapter Chapter 12 in Integration of Project, Infrastructure, and Enterprise Risk Management, 2025, pp 137-142 from Springer

Abstract: Abstract The example demonstrates the importance of accounting for risk scenario dependencies during risk aggregation and suggests means for doing so. The specific means include developing logic diagrams (such as fault trees), applying Boolean algebra in a manner that accounts for dependencies, and using common cause methodology in an appropriate manner.

Keywords: Dependent risk scenarios; Dependent performance measures; Common cause analysis; Example demonstration; Mathematical dependency representation (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/978-3-031-85070-7_12

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