Current approaches to risk management stress the need for dynamic approaches to risk identification as part of a planned resource application aimed at reducing the expected consequences of undesired outcomes. The authors contend that these approaches place insufficient emphasis on the system knowledge available to the assessor, particularly in respect of three factors:
- The dynamic behavior of the system under threat
- The role of human agents
- The knowledge availability to those agents
This paper presents a practical, system-based method for improving disaster management, by addressing the mobilization of explicit system knowledge in the identification of risks in the case of flood threat to an electricity substation. This method, also allows the use of qualititative knowledge (in conjunction with quantitative) to be deployed in risk identification. This approach, explain the authors, offers the potential of improving risk congnition.
European Journal of Operational Research, Volume 254, Issue 2, October 2016, Pages 550-564. This article is published under a Creative Commons License Attribution 4.0 International.