Research ArticleOpen AccessGoogle Scholar indexed
Factor Differentiation in Risk Analysis and Crisis Management
Colleges of Engineering and Business Administration, University of Texas at El Paso, El Paso, USA
Colleges of Engineering and Business Administration, University of Texas at El Paso, El Paso, USA
Colleges of Engineering and Business Administration, University of Texas at El Paso, El Paso, USA
Colleges of Engineering and Business Administration, University of Texas at El Paso, El Paso, USA
- 1 Colleges of Engineering and Business Administration, University of Texas at El Paso, El Paso, USA
- 2 Colleges of Engineering and Business Administration, University of Texas at El Paso, El Paso, USA
- 3 Colleges of Engineering and Business Administration, University of Texas at El Paso, El Paso, USA
- 4 Colleges of Engineering and Business Administration, University of Texas at El Paso, El Paso, USA
American Journal of Industrial and Business Management·Volume 12 (2022)·Pages 1498–1516·Published 14 October 2022·DOI10.4236/ajibm.2022.1210083
Copy link · social · email
Abstract
The purpose of this paper is to dive into important risk characterization factors which have not previously been described, namely: boundary factor differentiation, prioritization and triage, probabilities versus rates, probability of non-detection, 1 st through 3 rd person perspectives, stages of ontological becoming, passivity versus active search, holistic versus focused perspective, trusting versus controlling perspective, separation of convoluted crises, and timing clarity. Clear examples of each differentiating factor are provided within real world cases.
KeywordsRisk FactorsRisk AnalysisCrisis ManagementPerspectivesOntology
- Arnauld, A., & Nicole, P. (1662). Logic, or, the Art of Thinking: Containing, besides Common Rules, Several New Observations Appropriate for Forming Judgment (5th Ed.). Cambridge University Press.
- ATAM: Architecture Tradeoff Analysis Method (2018). Software Engineering Institute, Carnegie Mellon University.
- Bahill, A. T., & Botta, R. (2015). Fundamental Principles of Good System Design. Engineering Management Journal, 20, 9-17. https://doi.org/10.1080/10429247.2008.11431783
- Bahill, A. T., & Karnavas, W. J. (2000). Risk Analysis of a Pinewood Derby: A Case Study. Systems Engineering, 3, 143-155. https://doi.org/10.1002/1520-6858(200033)3:3 3.0.CO;2-0
- Bar-Asher, J. (2006). Development Program Risk Assessment Based on Utility Theory. INCOSE International Symposium, 16, 1634-1646. https://doi.org/10.1002/j.2334-5837.2006.tb02839.x
- Becker, K., & Smidt, M. (2016). A Risk Perspective on Human Resource Management: A Review and Directions for Future Research. Human Resource Management Review, 26, 149-165. https://doi.org/10.1016/j.hrmr.2015.12.001
- Blanchard, B. S., & Fabrycky, W. J. (2006). Systems Engineering and Analysis. Prentice-Hall.
- Botta, R., & Bahill, A. T. (2007). A Prioritization Process. Engineering Management Journal, 19, 20-27. https://doi.org/10.1080/10429247.2007.11431745
- Buede, D. M. (2000). The Engineering Design of Systems: Models and Methods. John Wiley and Sons, Inc.
- Chapman, W. L., Bahill, A. T., & Wymore, A. W. (1992). Engineering Modeling and Design. CRC Press Inc.
- Clausen, D., & Frey, D. D. (2005). Improving System Reliability by Failure-Mode Avoidance Including Four Concept Design Strategies. Systems Engineering, 8, 245-261. https://doi.org/10.1002/sys.20034
- Dangerfield, K. (2020). Moderna Designed Its Coronavirus Vaccine in 2 Days—Here’s How. Global News, Posted November 30, 2020. https://globalnews.ca/news/7492076/moderna-coronavirus-vaccine-technology-how-it-works
- FAA: Federal Aviation Administration (2020). Airworthiness Directives: The Boeing Company Airplanes. Federal Register, 85, 74560-74593.
- FDA: Food & Drug Administration (2020). Moderna COVID-19 Vaccine: FDA Briefing Document. VRBPAC: Vaccines and Related Biological Products Advisory Committee.
- Franklin, B. (1772). Benjamin Franklin to Joseph Priestley, 19 September 1772. Founders Online, National Archives. https://founders.archives.gov/documents/Franklin/01-19-02-0200