Managing Industrial Risk: Getting Value for Money in Your Business

Decisions about risk are too often taken on the basis of gut feelings or instinct. The uncertainty of the current recession makes it even more important to quantify and minimize risk, by comparing the likely outcomes of different alternatives and formulating logical strategies. By bringing together economics, concepts of risk and reliability and the practical difficulties of dealing with people, this book provides a blueprint for systematic and qualified methods of decision-making, problem-solving and problem-setting strategies. It aims to equip engineers and industrial managers with the skills to quantify and justify their decisions. The book should be of interest to manufacturing, engineering and production managers and directors as well as corporate strategists, and students of production and manufacturing engineering.