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Research and Markets: Risk Assessment: Theory, Methods, and Applications

Research and Markets ( has announced the addition of John Wiley and Sons Ltd's new book "Risk Assessment: Theory, Methods, and Applications" to their offering.

The book is presented in three succinct sections that discuss the key theory, methods, and applications of risk assessment. The first section lays the groundwork for the topic by introducing key laws, regulations, and concepts related to risk assessment, along with in-depth discussion of related topics including "random hazards and deliberate threats; hazard/threat taxonomies; how to measure and evaluate risk; individual and societal risk metrics; the main approaches to setting risk acceptance criteria; the role of risk analysis in safety/risk management; accidents and accident models; and data and data sources for risk analysis. Next, the author treats the key methods and tools for risk analysis. Each method is treated in the same comprehensive format: introduction; objectives and application; method description (qualitative and quantitative); resources required; and pros and cons. A flowsheet accompanies each method, illustrating the various steps and the required input to each step. Additional topics of coverage in this section include coverage of hazard identification, causal analysis, barrier analysis, and uncertainty and sensitivity. A final section focuses on applications of risk analysis techniques and discuses process hazard analysis;risk and vulnerability analysis; environmental risk analyses; major accident risk analysis; product/machinery risk analysis; and formal safety assessment/maritime risk. Each chapter in all sections conclude with problem sets, and detailed appendices outline elements of probability theory, a glossary of key terms, and definitions of related acronyms.

An introduction to risk assessment that utilizes key theory and state-of-the-art applications With its balanced coverage of theory and applications along with standards and regulations, Risk Assessment: Theory, Methods, and Applications serves as a comprehensive introduction to the topic. The book serves as a practical guide to current risk analysis and risk assessment, emphasizing the possibility of sudden, major accidents across various areas of practice from machinery and manufacturing processes to nuclear power plants and transportation systems.

Key Topics Covered:

  • Introduction.
  • The Words of Risk Analysis.
  • Hazards and Threats.
  • How to Measures and Evaluate Risk?
  • Risk Management.
  • Accidents Models.
  • Data for Risk Analysis.
  • Risk Assessment Process.
  • Hazard Identification.
  • Causal and Frequency Analysis.
  • Development of Accident Scenarios.
  • Barriers and Barrier Analysis.
  • Human Reliability Analysis.
  • Job Safety Analysis.
  • Common Cause Failures.
  • Uncertainty and Sensitivity.
  • Development and Applications of Risk Assessment.
  • Elements of Probability Theory.
  • Acronyms.
  • Glossary.
  • References.


Marvin Rausand, PhD, is Professor in the Department of Production and Quality Engineering at Norwegian University of Science and Technology. He has over thirty years of academic experience and has published more than fifty journal article sin his areas of research interest, which include system reliability theory, risk analysis,maintenance optimization, and probabilistic modeling. Dr. Rausand is the author of System Reliability Theory: Models, Statistical Methods, and Applications, Second Edition,published by Wiley.

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Research and Markets
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