Scenario Logic and Probabilistic Management of Risk in Business and Engineering

This book proposes a uniform logic and probabilistic (LP) approach to risk estimation and analysis in engineering and economics. It covers the methodological and theoretical basis of risk management at the design test and operation stages of economic banking and engineering systems with groups of incompatible events (GIE). This edition includes new chapters providing a detailed treatment of scenario logic and probabilistic models for revealing bribes. It also contains clear definitions and notations revised sections and chapters an extended list of references and a new subject index as well as more than a hundred illustrations and tables which motivate the presentation.