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Time Valuation Of Risk A Delayed-Bang Approach, Abhishek Pathak
Time Valuation Of Risk A Delayed-Bang Approach, Abhishek Pathak
Engineering Management & Systems Engineering Theses & Dissertations
The subject of this thesis is the combined use of engineering economics and survival analysis in estimating time-value of risk-related resources. The discussion includes (1) the need for sustainable risk management, (2) the importance of time-valuation of risk related resources in the allocation or selection among competing risk mitigation alternatives, (3) the convergence of deterministic engineering economics, survivability analysis, and probabilistic analysis, and (4) results and examples of application in the context of prevention of risk event or mitigation of its consequences.
The significance of this thesis is in how three topics: engineering economics, survivability analysis, and probability theory can …