A graduate level textbook on probabilistic risk analysis, aimed at statisticians, operations researchers and engineers.
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'This is a valuable reference book ... devoid of unnecessary repetition of what has been written earlier by other authors. The book is fresh, neat and comprehensive. I highly recommend it.' Igor Kozine, Risk Decision and Policy
'The presentation is to the point, clear and perfectly highlighted through well chosen practical examples and exercises ... I for one learned a lot from reading this book and whole-heartedly recommend it for its intended readership.' P. A. L. Embrechts, Short Book Reviews
'... a text of enormous coverage.' The Mathematical Gazette
Drawing on extensive experience, the authors focus on the conceptual and mathematical foundations underlying the quantification, interpretation and management of risk. They cover standard topics as well as important new subjects such as the use of expert judgement and uncertainty propagation. The relationship with decision making is highlighted.
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