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    Author(s): B.G. Marcot
    Date: 2007
    Source: The George Wright Forum. 24(2): 30-35
    Publication Series: Scientific Journal (JRNL)
    PDF: View PDF  (387 KB)

    Description

    This paper briefly lists constraints and problems of traditional approaches to natural resource risk analysis and risk management. Such problems include disparate definitions of risk, multiple and conflicting objectives and decisions, conflicting interpretations of uncertainty, and failure of articulating decision criteria, risk attitudes, modeling assumptions, and weaknesses. Solving these problems can entail use of more recent decision-aiding tools and methods for multi-objective decisionmaking, use of methods for rigorously extracting knowledge from multiple experts, and decomposing complex problems into tractable subparts.

    Publication Notes

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    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.

    Citation

    Marcot, B.G. 2007. The quandaries and promise of risk management: a scientist''s perspective on integration of science and management. The George Wright Forum. 24(2): 30-35

    Keywords

    Decision analysis, risk analysis, risk management, modeling

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