Perfect Partners of Mathematical Modeling with Technology in Risk Assessment

Abstract

This chapter discusses the use of mathematical modeling with technology in risk assessment in the broad area of operations research. The authors provide modeling as a process and illustrate suggested steps in the process. This chapter reviews some of the main modeling texts and provide a brief discussion of their processes. Many illustrative examples are provided to show the breadth of mathematical modeling. These examples cover such topics as discrete dynamical systems, game theory, multi-attribute decision making, data envelopment analysis with linear programming, and integer programming. The authors discuss the important of sensitivity analysis, as applicable. Several scenarios are used as illustrative examples of the process.