Review
"…a wonderful reference…absolutely necessary for all of us who teach or apply the techniques and methods of risk." (Risk Analysis, October 2005)

"…should enable students…to be well fortified for applications once they are on the job. Those beyond that stage can look upon the book as a comprehensive and sound treatise." (Journal of Food Quality, October 2004)

“…highly readable…a must for those who want at least an outline of why politicians and financial advisors are so often wrong.” (Measurement & Control, Vol 38 (7), September 2005)

"...can serve as the lead work in graduate business or engineering classes on risk aversion...an excellent reference that will come in handy in...[risk management professionals'] daily work." (Quality Progress, February 2005)

"Professor Haimes' book is already a classic and the second edition is even better. Anyone wishing to make a wise investment with almost no risk but huge intellectual dividends, should consider immediately obtaining a copy of this fine book.” (IIE Transactions on Operations Engineering)

"Incorporating real world examples and case studies to illustrate the analytical methods under discussion, the book presents basic concepts as well as advanced material, avoiding complex mathematics whenever possible." (Journal of the American Water Resources Association)

"…this new edition offers an important resource for industry professionals as well as advanced graduate students in systems engineering." (Zentralblatt MATH, 1105, 85)

"...a wonderful reference...absolutely necessary for all of us who teach or apply the techniques and methods of risk." (Risk Analysis, October 2005) "...should enable students...to be well fortified for applications once they are on the job. Those beyond that stage can look upon the book as a comprehensive and sound treatise." (Journal of Food Quality, October 2004) "...highly readable...a must for those who want at least an outline of why politicians and financial advisors are so often wrong." (Measurement & Control, Vol 38 (7), September 2005) "...can serve as the lead work in graduate business or engineering classes on risk aversion...an excellent reference that will come in handy in...[risk management professionals'] daily work." (Quality Progress, February 2005) "Incorporating real world examples and case studies to illustrate the analytical methods under discussion, the book presents basic concepts as well as advanced material, avoiding complex mathematics whenever possible." (Journal of the American Water Resources Association) "...this new edition offers an important resource for industry professionals as well as advanced graduate students in systems engineering." (Zentralblatt MATH, 1105, 85) --This text refers to the Hardcover edition.

Product Description

* Integrates the art and science of risk analysis.
* Clearly shows how to quantify risk and construct probability in conjunction with real-world decision-making problems, including a host of institutional, organizational, political, and cultural considerations.
* Presents basic concepts as well as advanced material, avoiding higher mathematics whenever possible.
* Incorporates numerous examples and case studies to illustrate the analytical methods under discussion.
* An accompanying web site will offer 200 example problems and case studies.