Disaster Planning
Each year around 500 natural disasters result in the death of about 70,000 people and disrupt the lives of over 200 million people in the world. High-impact, low-probability events hit humans with some regularity, including events such as the Eyjafjallajökull volcano. Talib et al. (2009) called such...
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| Format: | Book |
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| Online Access: | http://www.worldscientific.com/doi/pdf/10.1142/9789814632775_0005 http://www.worldscientific.com/doi/abs/10.1142/9789814632775_0005 |
| Summary: | Each year around 500 natural disasters result in the death of about 70,000 people and disrupt the lives of over 200 million people in the world. High-impact, low-probability events hit humans with some regularity, including events such as the Eyjafjallajökull volcano. Talib et al. (2009) called such impossible to predict events as black swans, with very low likelihoods but high costs of mitigation. Other examples include Hurricane Katrina in New Orleans, and the Japanese earthquake and tsunami of 2011. What we don't do to ourselves in the form of wars and economic catastrophes, nature trumps with overwhelming natural disasters… Enterprise, Risk Management, Finance, Supply Chain, Efficiency |
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