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Natural Disaster Risk Management

In: Enterprise Risk Management Models

Author

Listed:
  • David L. Olson

    (University of Nebraska)

  • Desheng Wu

    (University of Toronto)

Abstract

Risks can be viewed as threats, but business exists to cope with risks. Different disciplines have different ways of classifying risks. In finance, in order to explain the risk management lessons from the Credit Crisis, Jorion classified risks into: known knowns, known unknowns and unknown unknowns. To focus on natural disaster risk management, we propose the following general way to classify risks: Field based and Property based.

Suggested Citation

  • David L. Olson & Desheng Wu, 2010. "Natural Disaster Risk Management," Springer Books, in: Enterprise Risk Management Models, chapter 0, pages 57-69, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-11474-8_5
    DOI: 10.1007/978-3-642-11474-8_5
    as

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