Enterprise Risk Management Models
This book is a comprehensive guide to several aspects of risk, including information systems, disaster management, supply chain and disaster management perspectives. A major portion of this book is devoted to presenting a number of operations research mod
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David L. Olson Desheng Dash Wu
Enterprise Risk Management Models Second Edition
Springer Texts in Business and Economics
More information about this series at http://www.springer.com/series/10099
David L. Olson • Desheng Dash Wu
Enterprise Risk Management Models Second Edition
David L. Olson Department of Management University of Nebraska Lincoln, Nebraska USA
Desheng Dash Wu Stockholm Business School Stockholm University Stockholm, Sweden Economics and Management School University of Chinese Academy of Sciences Beijing, China
ISSN 2192-4333 ISSN 2192-4341 (electronic) Springer Texts in Business and Economics ISBN 978-3-662-53784-8 ISBN 978-3-662-53785-5 (eBook) DOI 10.1007/978-3-662-53785-5 Library of Congress Control Number: 2016961357 # Springer-Verlag GmbH Germany 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer-Verlag GmbH Germany The registered company address is: Heidelberger Platz 3, 14197 Berlin, Germany
Preface
Enterprise risk management has always been important. However, the events of the twenty-first century have made it even more critical. Nature has caused massive disruption, such as the tsunami that hit Fukushima in March 2011. Terrorism has seemed to be on the rise, with attacks occurring in the USA, Europe, and Russia with greater regularity, not to mention the even more common occurrences in the Middle East. Human activities meant to provide benefits such as food modification and medicine have led to unintended consequences. The generation of energy involves highly politicized trade-offs between efficient electricity and carbon emissions, with the macro-level risk of planetary survival at stake. Oil transport has experienced traumatic events to include the BP oil spill in 2010. Risks can arise in many facets of business. Businesses in fact exist to cope with risk in their area of specialization. But chief executive officers
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