Description

Book Synopsis

Risk Analysis in Engineering and Economics is required reading for decision making under conditions of uncertainty. The author describes the fundamental concepts, techniques, and applications of the subject in a style tailored to meet the needs of students and practitioners of engineering, science, economics, and finance. Drawing on his extensive experience in uncertainty and risk modeling and analysis, the author covers everything from basic theory and key computational algorithms to data needs, sources, and collection. He emphasizes practical use of the methods presented and carefully examines the limitations, advantages, and disadvantages of each to help readers translate the discussed techniques into real-world solutions.

This Second Edition:

  • Introduces the topic of risk finance
  • Incorporates homeland security applications throughout
  • Offers additional material on predictive risk management
  • Includes a wealth of ne

    Trade Review

    Praise for the First Edition

    "This book ambitiously tackles risk analysis from the ground up. … an excellent reference for individuals studying in a variety of risk-related disciplines. … enlightening [examples]…attractive to students approaching risk studies from a variety of substantive backgrounds. … Advanced students are likely to find Ayyub's treatments…exceedingly valuable."
    Journal of the American Statistical Association, June 2004, Vol. 99, No. 466

    "… a good textbook and reference. The mix of engineering and economics is well balanced. … Valuable for students after college and useful for professional engineers."
    Technometrics, August 2004, Vol. 46, No. 3

    Praise for the Second Edition

    "… one of a kind in the market. … I am not aware of books that cover the subject in as comprehensive a manner."
    —Professor Nii O. Attoh-Okine, University of Delaware, Newark, USA



    Table of Contents

    Introduction. Risk Analysis Methods. System Definition and Structure. Reliability Assessment. Failure Consequences and Severity. Engineering Economics and Finance. Risk Control Methods. Data for Risk Studies. Fundamentals of Probability and Statistics. Failure Data. References and Bibliography. Index.

Risk Analysis in Engineering and Economics

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£118.75

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RRP £125.00 – you save £6.25 (5%)

Order before 4pm tomorrow for delivery by Tue 23 Dec 2025.

A Hardback by Bilal M. Ayyub

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    View other formats and editions of Risk Analysis in Engineering and Economics by Bilal M. Ayyub

    Publisher: CRC Press
    Publication Date: 3/18/2014 12:00:00 AM
    ISBN13: 9781466518254, 978-1466518254
    ISBN10: 1466518251

    Description

    Book Synopsis

    Risk Analysis in Engineering and Economics is required reading for decision making under conditions of uncertainty. The author describes the fundamental concepts, techniques, and applications of the subject in a style tailored to meet the needs of students and practitioners of engineering, science, economics, and finance. Drawing on his extensive experience in uncertainty and risk modeling and analysis, the author covers everything from basic theory and key computational algorithms to data needs, sources, and collection. He emphasizes practical use of the methods presented and carefully examines the limitations, advantages, and disadvantages of each to help readers translate the discussed techniques into real-world solutions.

    This Second Edition:

    • Introduces the topic of risk finance
    • Incorporates homeland security applications throughout
    • Offers additional material on predictive risk management
    • Includes a wealth of ne

      Trade Review

      Praise for the First Edition

      "This book ambitiously tackles risk analysis from the ground up. … an excellent reference for individuals studying in a variety of risk-related disciplines. … enlightening [examples]…attractive to students approaching risk studies from a variety of substantive backgrounds. … Advanced students are likely to find Ayyub's treatments…exceedingly valuable."
      Journal of the American Statistical Association, June 2004, Vol. 99, No. 466

      "… a good textbook and reference. The mix of engineering and economics is well balanced. … Valuable for students after college and useful for professional engineers."
      Technometrics, August 2004, Vol. 46, No. 3

      Praise for the Second Edition

      "… one of a kind in the market. … I am not aware of books that cover the subject in as comprehensive a manner."
      —Professor Nii O. Attoh-Okine, University of Delaware, Newark, USA



      Table of Contents

      Introduction. Risk Analysis Methods. System Definition and Structure. Reliability Assessment. Failure Consequences and Severity. Engineering Economics and Finance. Risk Control Methods. Data for Risk Studies. Fundamentals of Probability and Statistics. Failure Data. References and Bibliography. Index.

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