TY - JOUR
T1 - Complexity based risk evaluation in engineered systems
AU - Fischi, Jonathan
AU - Nichiani, Roshanak
N1 - Publisher Copyright:
© 2015 Published by Elsevier B.V.
PY - 2015
Y1 - 2015
N2 - This work proposes a novel approach to augment program risk management processes by introducing complexity-based risk evaluation which potentially exposes risks that would have otherwise been neglected. The approach is to determine the complexity-based risks by first evaluating system, observer, and behavior entropy models. The suggested metrics created by the models provide the framework for generating complexity-based risks. The results can be used by program management to aid in decision-making processes. The results can also be shared with customers to determine any appropriate short and long-term mitigation actions. The suggested metric are applied to a sample case study. Future work will include impact analysis and mitigation strategies for complexity-based risks.
AB - This work proposes a novel approach to augment program risk management processes by introducing complexity-based risk evaluation which potentially exposes risks that would have otherwise been neglected. The approach is to determine the complexity-based risks by first evaluating system, observer, and behavior entropy models. The suggested metrics created by the models provide the framework for generating complexity-based risks. The results can be used by program management to aid in decision-making processes. The results can also be shared with customers to determine any appropriate short and long-term mitigation actions. The suggested metric are applied to a sample case study. Future work will include impact analysis and mitigation strategies for complexity-based risks.
KW - Risk management
KW - System complexity
KW - System design
UR - http://www.scopus.com/inward/record.url?scp=84938581776&partnerID=8YFLogxK
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U2 - 10.1016/j.procs.2015.03.044
DO - 10.1016/j.procs.2015.03.044
M3 - Conference article
AN - SCOPUS:84938581776
SN - 1877-0509
VL - 44
SP - 31
EP - 41
JO - Procedia Computer Science
JF - Procedia Computer Science
IS - C
T2 - IUTAM Symposium on the Dynamics of Extreme Events Influenced by Climate Change (2013)
Y2 - 6 September 2015 through 9 September 2015
ER -