TITLE:
Factor Differentiation in Risk Analysis and Crisis Management
AUTHORS:
Richard Posthuma, Vladik Kreinovich, Francisco Zapata, Eric Smith
KEYWORDS:
Risk Factors, Risk Analysis, Crisis Management, Perspectives, Ontology
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.12 No.10,
October
26,
2022
ABSTRACT: The purpose of this paper is to dive into important risk characterization
factors which have not previously been described, namely: boundary factor
differentiation, prioritization and triage, probabilities versus rates,
probability of non-detection, 1st through 3rd person perspectives, stages of ontological becoming,
passivity versus active search, holistic versus focused perspective, trusting
versus controlling perspective, separation of convoluted crises, and timing
clarity. Clear examples of each differentiating factor are provided within real world cases.