The paper concerns the ValueSec methodology and tool which support decisions related to the security measures selection in different application contexts. The ValueSec project, financed by the European Commission Seventh Framework Programme (FP7), considers security measures which properly affect risk, are cost effective, bring benefits and are free of different restrictions (political, social,...

This paper investigates the risk exposure arising from the supplier evaluation criteria of cost, quality, delivery, and flexibility. An integrated method of Fuzzy Decision Making Trial and Evaluation Laboratory (FDEMATEL) and Fuzzy Analytical Network Process (FANP), which is able to address interaction and feedback effects between the criteria and subjectivity in the decision rating, is used to...

Some people prefer to make risky decisions in their live, such as for avocation or even everyday decision making. Since Bauer first presented the conception of perceived risk in the decision making of consumer behavior, the role of perceived risk in product choice has attracted much attention and decisions such as choosing unknown objects have been known to be risky. Here in this study, we focu...

This chapter considers the natural hazard Risk Manager as an agent for choosing between interventions that affect the impact of future hazards. As such, it is possible to proceed broadly quantitatively, and to set aside the many less-quantifiable concerns that arise during a period of real-time hazard management. Thus the aim is to describe a framework in which it is possible to address questio...

Excavation works in urban areas require a preliminary risk damage assessment. In historical cities, the prediction of building response to settlements is necessary to reduce the risk of damage of the architectural heritage. The current method used to predict the building damage due to ground deformations is the Limiting Tensile Strain Method (LTSM) [3]. This method is based on an uncoupled soil...

Society’s attitude toward seismic risk, in the last few years, has evolved from fatalistic to proactive. This paper presents an approach in the area of seismic risk management. The objective is to implement a methodology in a seismic prone area in an earthquake risk management framework, based on the case study of the island of Lefkada. A tool to assist in the selection of an intervention proac...

This paper presents a study on determining the degree of effectiveness of earthquake risk mitigation measures and how to prioritize such efforts in developing countries. In this paper a model is proposed for optimizing funds allocation towards risk reduction measures (building retrofitting) and reconstruction process after potential earthquakes in a regional level. The proposed model seeks opti...

Recently, a novel approach towards semi-quantitative IT security risk assessment has been proposed in the draft IEC 62443-3-2. This approach is analyzed from several different angles, e.g. embedding into the overall standard series, semantic and methodological aspects. As a result, several systematic flaws in the approach are exposed. As a way forward, an alternative approach is proposed which ...