Author: Moniz, Steven

Source: Military Operations Research, Volume 7, Number 1, 2002 , pp. 7-18(12)

Publisher: Military Operations Research Society

Abstract:

The risk management process consists of two major stepshazard analysis and risk reduction. This paper is primarily concerned with hazard analysis, but offers some broad approaches that could help reduce the risks to our future military forces.

Hazard analysis begins with the identification of hazards that may threaten the success of our future forces. The approach used here is to consider all threats from an asymmetric perspective. The next step, risk assessment, usually involves the quantification of probabilities and costs for each hazard. This leads to what decision-makers really need, a prioritized list of the most dangerous hazards. When hard numbers are difficult to obtain, which is the case in most future studies, the analyst needs a qualitative approach. The graphical approach used here is called the Risk Map, which allows the analyst to approximate hazard priorities and continue the risk management process.

Keywords: Application Areas: Land & Expeditionary Warfare; OR Methodologies: Decision Analysis

Document Type: Research article

DOI: http://dx.doi.org/10.5711/morj.7.1.7

Publication date: 2002-12-01

More about this publication?

• Military Operations Research is the leading peer-reviewed journal publishing articles in the fields that describe operations research (OR) methodologies and theories used in key military applications.
  
  MOR specifically invites papers that are significant military OR applications. Of particular interest are papers that present case studies showing innovative OR applications, apply OR to major policy issues, introduce interesting new problem areas, highlight educational issues, and document the history of military OR.
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