Introduction to the Special Section on “Optimizing Risk Management: Methods and Tools”

ABSTRACT

In recent years, risk management has attracted a great deal of attention from both researchers and practitioners. Complexity and uncertainty in many practical problems require new methods and tools. Risk management can be used as a tool for greater rewards, not just control against loss. Enterprise risk management has become an important topic in today's more complex, inter-related global business environment, replete with threats from natural, political, economic, and technical sources. Risks are studied from different silo disciplinary perspectives, with a discussion of how various methods and tools are used to optimize risk management.

Key Words:

• risk management
• optimization
• model
• system

ACKNOWLEDGMENTS

We thank all the referees for their valuable time and effort. We thank the HERA editor, Barry L. Johnson, for many valuable suggestions, his energy, and effort in coordinating this special section.