Management of Complexity: New Means of Understanding Risk and Failure
The understanding, and management of risk and uncertainty is important not only in engineering, but in all spheres of socialContinue Reading
Tag: risk
Complexity Maps of Railway Operations
QCM technology allows to make very quick risk and resilience assessments of all sorts of systems of processes. All itContinue Reading
Measuring the Quality of Data
Before you start to solve a problem (a numerical problem) you should check its conditioning. An ill-conditioned problem will produceContinue Reading
The Complexity Chip – Early-Warning System for Complex Products
For applications requiring ultra-fast and safe monitoring of the complexity of critical components, products or infrastructures, Ontonix offers a specificContinue Reading
Will Global Trade Recover Anytime Soon?
In a 2015 United Nations Trade and Development Conference report “Trade Slowdown” one reads: ‘As of 2014 the trends inContinue Reading
Correlation is Charlatanism.
“…correlation is charlatanism” Photo: AP photo/Richard Drew “Anything that relies on correlation is charlatanism” is a great article. But isContinue Reading
Which US Markets are Most Complex (and Risky)?
In a turbulent economy, punctuated by destabilizing events, resilience and complexity as the main new factors which are impacting theContinue Reading
A Bank is Only as Healthy as Its Clients. High-Frequency Rating of Bank-Client Transactions
In a turbulent and globalized economy, the focus is no longer on growth but on stability. The stability of aContinue Reading
Risk = Probability X Consequences. Really?
(image from http://www.impactlab.net) Probably the most frequently used definition of risk is this one: Risk = the Probability ofContinue Reading
Beyond Risk Management. What Are The Alternatives?
When facing large doses of uncertainty risk model-based methods of managing uncertainty don’t work. One thing is to manage anContinue Reading
