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- University
- Politecnico di Milano
- Degree programme
- Management Engineering
- Subject
- OPERATIONS RISK MANAGEMENT AND RESILIENCE
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- Notes · Complete set
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OPERATIONS RISK MANAGEMENT AND RESILIENCEComplete set
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1 Index 1. Course introduction ................................................................................................................. 4 1.1 What is risk? .................................................................................................................................... 4 Risk vs. uncertainty ................................................................................................................................................... 4 Aleatory vs Epistemic uncertainty ............................................................................................................................. 5 1.2 Managing uncertainties in Operations ............................................................................................. 5 Operational risks in buffered operations (old view) ................................................................................................. 5 Operations Risk Management (ORM) approach (new view) ..................................................................................... 6 2. Operational Risk concept, models, and management processes ............................................... 7 2.1 Common classification of Operational Risks BY NATURE .................................................................. 8 2.2 The Lewis’ model of operational risk ............................................................................................... 8 2.3 The anatomy of Operations Risk ...................................................................................................... 9 2.4 Bow tie model: an Event-based risk modelling .............................................................................. 10 2.5 Comprehensive Operational Risk model…
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