The Tyranny of Uncertainty A New Framework to Predict, Remediate and
The authors offer a revolutionary solution to risk management. It’s the unknown risks that keep leaders awake at night—wondering how to prepare for and steer their organization clear from that which they cannot predict. Businesses, governments and re
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The Tyranny of Uncertainty A New Framework to Predict, Remediate and Monitor Risk
The Tyranny of Uncertainty
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Nabil Abu el Ata • Rudolf Schmandt
The Tyranny of Uncertainty A New Framework to Predict, Remediate and Monitor Risk
Nabil Abu el Ata Accretive Technologies Inc NEW YORK, New York USA
Rudolf Schmandt Ingelheim, Germany
ISBN 978-3-662-49103-4 ISBN 978-3-662-49104-1 DOI 10.1007/978-3-662-49104-1
(eBook)
Library of Congress Control Number: 2016940382 © Springer-Verlag Berlin Heidelberg 2016 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 Berlin Heidelberg
This book is dedicated to the inspirational mathematics, science and philosophy activists who have changed the world and challenged its dogmas to the betterment of humankind. Specifically we would like to recognize Omar Al Khayyam1, Nicholas Copernic2 and Bertrand Russell3 for their contributions. Each of these men greatly aided humankind’s progress, while none considered himself as the unique and indispensable carrier of the unique truth. —Nabil Abu el Ata and Rudolf Schmandt
1 Omar Khayyam (1048–1122) was an Islamic scholar who was a poet as well as a mathematician. He compiled astronomical tables and contributed to calendar reform and discovered a geometrical method of solving cubic equations by intersecting a parabola with a circle. 2 Nicolaus Copernicus (1473–1543) was a Renaissance mathematician and astronomer who formulated a model of the universe that placed the Sun rather than the Earth at the center of the universe. 3 Bertrand Arthur William Russell, 3rd Earl Russell, OM, FRS (1872–1970), was a British philosopher, logician, mathematician, historian, writer, social critic, and political activist.
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Abstract
Current risk management practices are undeniably imperfect. Many of the major risk events that have occurred in t
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