Book contents
- Decision Analysis for Creating the Future
- Decision Analysis for Creating the Future
- Copyright page
- Dedication
- Contents
- Chapter Summaries
- Preface
- Acknowledgements
- Part I The Technical Principles
- Part II The Social Principles
- Part III Socio-Technical Modelling
- 12 Types of Decision Models
- 13 Evaluate Options
- 14 Allocate Resources
- 15 Bargain and Negotiate
- 16 Choose and Decide
- 17 Manage Risk
- 18 Revise Opinion
- 19 Think Strategically
- Epilogue to Part III
- Notes
- Index
17 - Manage Risk
from Part III - Socio-Technical Modelling
Published online by Cambridge University Press: 28 April 2026
Book contents
- Decision Analysis for Creating the Future
- Decision Analysis for Creating the Future
- Copyright page
- Dedication
- Contents
- Chapter Summaries
- Preface
- Acknowledgements
- Part I The Technical Principles
- Part II The Social Principles
- Part III Socio-Technical Modelling
- 12 Types of Decision Models
- 13 Evaluate Options
- 14 Allocate Resources
- 15 Bargain and Negotiate
- 16 Choose and Decide
- 17 Manage Risk
- 18 Revise Opinion
- 19 Think Strategically
- Epilogue to Part III
- Notes
- Index
Summary
Event trees show decisions to take now that can mitigate subsequent unfavourable events defining the risk of a situation, whereas fault trees assume an unfavourable event has occurred, with decisions to be taken that reduce the undesirable consequences and their likelihood of occurring if a fault occurs in a complex system. Two case studies provide examples. Scenario analysis provides a way to understand deep uncertainty.
Keywords
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- Type
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- Information
- Decision Analysis for Creating the Future , pp. 312 - 327Publisher: Cambridge University PressPrint publication year: 2026
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