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<p>List of Contributors vii</p> <p>Preface ix</p> <p>Acknowledgements xv</p> <p><b>Part I Fundamental Ideas, Principles and Approaches 1</b></p> <p>1 Risk Assessment with Broad Uncertainty and Knowledge Characterisation: An Illustrating Case Study 3<br /><i>Terje Aven and Roger Flage</i></p> <p>2 The Enigma of Knowledge in the Risk Field 27<br /><i>Terje Aven and Marja Ylönen</i></p> <p>3 Treatment and Communication of Uncertain Assumptions in (Semi?]) quantitative Risk Assessments 49<br /><i>Roger Flage and Christine L. Berner</i></p> <p>4 Critical Slowing?]down Framework for Monitoring Early Warning Signs of Surprise and Unforeseen Events 81<br /><i>Ivan Damnjanovic and Terje Aven</i></p> <p>5 Improving the Foundation and Practice of Uncertainty Analysis: Strengthening Links to Knowledge and Risk 103<br /><i>Terje Aven</i></p> <p>6 Completeness Uncertainty: Conceptual Clarification and Treatment 127<br /><i>Torbjørn Bjerga, Terje Aven, and Roger Flage</i></p> <p>7 Quality of Risk Assessment: Definition and Verification 143<br /><i>Terje Aven and Enrico Zio</i></p> <p>8 Knowledge?]driven System Simulation for Scenario Analysis in Risk Assessment 165<br /><i>Pietro Turati, Nicola Pedroni, and Enrico Zio</i></p> <p><b>Part II Risk Assessment and Decision Making 221</b></p> <p>9 A Decision Support Method for Prioritizing Investments Subject to Uncertainties 223<br /><i>Shital Thekdi and Terje Aven</i></p> <p>10 Risk Analysis under Structural Uncertainty 241<br /><i>Sven Ove Hansson</i></p> <p><b>Part III Applications 265</b></p> <p>11 A Practical Approach to Risk Assessments from Design to Operation of Offshore Oil and Gas Installations 267<br /><i>Vegard L. Tuft, Beate R. Wagnild, and Olga M. Slyngstad</i></p> <p>12 A Semi?]quantitative Approach for Assessment of Risk Trends in the Norwegian Oil and Gas Industry 297<br /><i>Eirik Bjorheim Abrahamsen, Jon Tømmerås Selvik, Bjørnar Heide, and Jan Erik Vinnem</i></p> <p>13 Knowledge Engineering at a Risk?]informed Regulatory Agency: Challenges and Suggestions 313<br /><i>Nathan Siu and Kevin Coyne</i></p> <p>Index 339</p>

<p><b> TERJE AVEN, PhD</b> is Professor in Risk Analysis and Risk Management at the University of Stavanger, Norway. He is Editor-in-Chief of <i>Journal of Risk and Reliability,</i> the Chairman of the European Safety and Reliability Association and President-Elect of the Society for Risk Analysis. <p><b> ENRICO ZIO, PhD</b> is Director of the Chair on Systems Science and the Energetic Challenge of the Foundation Electricite' de France, at the Laboratoire de Genie Industriel (LGI), CentraleSupélec, Universite' Paris-Saclay, France, and full professor of the Department of Energy and President of the Alumni Association at Politecnico di Milano, Italy.

<p><b> Exciting new developments in risk assessment and management </b> <p> Risk assessment and management is fundamentally founded on the knowledge available on the system or process under consideration. While this may be self-evident to the laymen, thought leaders within the risk community have come to recognize and emphasize the need to explicitly incorporate knowledge (K) in a systematic, rigorous, and transparent framework for describing and modeling risk. <p> Featuring contributions by an international team of researchers and respected practitioners in the field, <i>Knowledge in Risk Assessment and Management</i> explores the latest developments in the ongoing effort to use risk assessment as a means for characterizing knowledge and/or lack of knowledge about a system or process of interest. By offering a fresh perspective on risk assessment and management, the book represents a significant contribution to the development of a sturdier foundation for the practice of risk assessment and for risk-informed decision making. <p> How should K be described and evaluated in risk assessment? How can it be reflected and taken into account in formulating risk management strategies? With the help of numerous case studies and real-world examples, this book answers these and other critical questions at the heart of modern risk assessment, while identifying many practical challenges associated with this explicit framework. <p> This book, written by international scholars and leaders in the field, and edited to make coverage both conceptually advanced and highly accessible: <ul> <li>Offers a systematic, rigorous and transparent perspective and framework on risk assessment and management, explicitly strengthening the links between knowledge and risk</li> <li>Clearly and concisely introduces the key risk concepts at the foundation of risk assessment and management</li> <li>Features numerous cases and real-world examples, many of which focus on various engineering applications across an array of industries</li> </ul> <br> <p><i> Knowledge in Risk Assessment and Management</i> is a must-read for risk assessment and management professionals, as well as graduate students, researchers and educators in the field. It is also of interest to policy makers and business people who are eager to gain a better understanding of the foundations and boundaries of risk assessment, and how its outcomes should be used for decision-making.

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