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Handling risks – risk management process [PDF]
Annals of University of Petroşani, 2002 Risk management is a is a complex and multifaceted process which varies from one organization to another consisting of well defined steps which, when taken in sequence, support better decision making by contributing to a greater insight into risks and their impact.
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2020
During the Pharmaceutical Product Development process there is usually a limited amount data available and a limited amount of time to make decisions that could have significant impact on the development of a new chemical entity. Therefore, a Risk Evaluation Process was developed to evaluate risk based on changes to timing, resources, budget, etc ...
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During the Pharmaceutical Product Development process there is usually a limited amount data available and a limited amount of time to make decisions that could have significant impact on the development of a new chemical entity. Therefore, a Risk Evaluation Process was developed to evaluate risk based on changes to timing, resources, budget, etc ...
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Risk-Sensitive Markov Decision Processes
Management Science, 1972This paper considers the maximization of certain equivalent reward generated by a Markov decision process with constant risk sensitivity. First, value iteration is used to optimize possibly time-varying processes of finite duration. Then a policy iteration procedure is developed to find the stationary policy with highest certain equivalent gain for ...
Ronald A. Howard, James E. Matheson
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2012
This chapter provides an introduction to inter-temporal probability processes used commonly in modeling risk processes. The chapter begins with the questions “what is time,” “what is memory?” how are their definitions used to construct quantitative and temporal models.
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This chapter provides an introduction to inter-temporal probability processes used commonly in modeling risk processes. The chapter begins with the questions “what is time,” “what is memory?” how are their definitions used to construct quantitative and temporal models.
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Risk-Constrained Markov Decision Processes
IEEE Transactions on Automatic Control, 2010zbMATH Open Web Interface contents unavailable due to conflicting licenses.
BORKAR, V, JAIN, R
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Evaluating the risk decision process
Toxicology, 2006In order to ensure that risk assessment and risk management serve their purposes efficiently, it is essential to systematically evaluate actual practices. In this overview, it is proposed that such evaluation studies constitute an important field of study that should be recognized as a sub-discipline of regulatory toxicology with its own research ...
Sven Ove, Hansson, Christina, Rudén
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Risk processes connected with the compound poisson process
Scandinavian Actuarial Journal, 1969Abstract A portfolio of casualty insurances is usually very heterogeneous due to the wide spread of the individual risks also in case the policies are grouped according to risk classes. Stochastic models assuming identical risks for all policies in the risk class—e.g, the simple Poisson distribution—are not generally applicable to such a portfolio. For
Jung, Jan, Lundberg, Ove
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2001
In this chapter we consider a generalization of the classical ruin theoretic model. The generalization involves replacement of the Poisson process of claims by a more general renewal process. The model may be formulated as a particular random walk, and as such also allows for interpretation in terms of the equilibrium waiting time distribution in the G/
Gordon E. Willmot, X. Sheldon Lin
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In this chapter we consider a generalization of the classical ruin theoretic model. The generalization involves replacement of the Poisson process of claims by a more general renewal process. The model may be formulated as a particular random walk, and as such also allows for interpretation in terms of the equilibrium waiting time distribution in the G/
Gordon E. Willmot, X. Sheldon Lin
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RISK MANAGEMENT PROCESS AND RISK RECON
SAE Technical Paper Series, 2010<title>ABSTRACT</title> <p>Program Executive Office (PEO) Ground Combat Systems (GCS) initiated a Green Belt project in 2007 to develop a risk management process. The Integrated Product Team (IPT) built on Defense Acquisition University (DAU) and Department ...
Cheryl Rassette +3 more
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