The papers in this special section address risk management in industrial systems. Industrial systems today rely heavily on globalization, yet the global economic system faces many risks. While our world includes massive connectivity, and social media enable people to communicate much faster than ten years ago, we do not find that everything is getting better. Risk analytics is even more important, as operations managers need faster and better intelligence in order to cope with the many changes encountered. Optimization of industrial systems needs to balance means of analyzing risk. It is important to note that optimization and risk minimization inherently run counter to each other. Thus, risk management tools have appeared to better manage systems.
ASJC Scopus subject areas
- Control and Systems Engineering
- Electrical and Electronic Engineering