Risk Modeling, Assessment, and Management describes the state of the art of risk analysis, a rapidly growing field with important applications in engineering, science, manufacturing, business, management, and public policy. Unlike any other text on the subject, this definitive work integrates the art and science of risk analysis. It shows clearly how to quantify risk and construct probability in conjunction with real-world decision-making problems, including a host of institutional, organizational, political, and cultural considerations. Presenting basic concepts as well as advanced material, avoiding higher mathematics whenever possible, and incorporating numerous examples and case studies to illustrate the analytical methods under discussion, this remarkable Timely, comprehensive, and supplemented with more than 200 figures, Risk Modeling, Assessment, and Management is an essential reference for professionals working in universities, industry, and government; and for anyone interested in risk analysis in virtually any discipline.