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Correction: July 31 , 2003 Thursday Because of an editing error, an article on Sunday about far-reaching legislation proposed in the European Union to outlaw sexual discrimination misspelled the name of a deputy manager for the European Federation of the Insurance Industry, who said that changing the gender component of risk calculation would wreak havoc with the industry.
Probability is considered a main component of risk.
This leaves largely unattended the vulnerability component of risk, which is the only component on which change can be effected.
Understanding and addressing each component of risk, and their interactions, is essential for effective flood disaster risk reduction (DRR).
I agree with Carol in that one component of risk that is often not addressed is liquidity.
Safety evaluation is an important and challenging issue in many industries and is also a key component of risk management.
Similar(16)
The genetic component of risk-sensitivity might be a coincidental side-effect of selection of genes for other functions in the nervous system – a spandrel in Stephen Jay Gould's terminology.
The practical consequence is that evaluating the evolutionary potential of candidate agents may become a necessary component of risk-benefit-cost analysis prior to their release.
This consistent demonstration of moderate predictive validity by the ASA-PS scale, both in our present study and previous research, supports its use as a component of risk-adjustment models for comparing surgical outcomes across hospitals.
With the help of academics, financiers started to unpick the various components of risk and trade them separately.Again, Chicago played its part.
As elaborated by Sarewitz et al. (2003), the two components of risk are event risk and outcome risk.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com