Studying the tails of distributions is essential for risk management. Whether in probabilistic risk assessment or even in qualitative hazard studies, risk management aims to understand tail events. Risk measures such as value at risk or expected shortfall are essentially measures of the distributions’ tails. So, if you’re concerned about your project cost overrun risks, for example, you’re worried about the tail of the cost distribution.
There’s a rising trend of businesses starting to prioritize environmental, social, and governance (ESG) issues. But without a blueprint to follow, how do organizations implement meaningful sustainability efforts?
Today’s world is riddled with highly complex and intricate systems, critical for the safe and efficient operation of industries and our world.
Al Taweelah Alumina refinery operational readiness
United Arab Emirates
Organizational design and right-sizing
Digital transformation and business improvement
Hatch announces new membership with Propulsion Québec―The first consulting engineering firm to join cluster for electric and smart transportation
Wednesday, September 15, 2021