Within the discipline of enterprise risk management (ERM), strategic risk management (SRM) has become a subject of increasing interest to practitioners and academics. To our knowledge, the term “strategic risk management” first appeared in the management literature in 1985 and 1986 (Jammine,...

Functional Dependency Network Analysis (FDNA) is a tool developed by engineer management researchers for developing systems that are more resilient and less prone to catastrophic failure. Considering financial networks as a system-of-systems, we introduce FDNA for analyzing non-engineering...

There has been compelling signs of the great potential of building further synergy with academics, researchers, and industry practitioners from the areas of Modeling and Simulation (M&S) managing risk events. This paper provides an introduction to risk management and how M&S has permeated the...

A flood insurance market with risk-based prices in the UK will only stimulate climate change adaptation if it is part of a wider strategy that includes land-use planning, building regulations and water management.The exposure and vulnerability of economic assets and the magnitude of losses are...

Purpose − This paper investigates the evolution of enterprise risk management (ERM) out of fragmented disciplinary perspectives to provide a foundation for promoting interdisciplinary research and proposes a design science approach for more effective ERM implementation in...

“An ounce of Prevention is worth a pound of cure” - Benjamin Franklin (1706-1790). In the present day scenario of U.S. critical infrastructure security, one may ask if Benjamin Franklin's words can provide guidance and confidence on how decision makers and policy makers of this country treat...