The quandaries and promise of risk management: a scientist's perspective on integration of science and management.

Abstract

This paper briefly lists constraints and problems of traditional approaches to natural resource risk analysis and risk management. Such problems include disparate definitions of risk, multiple and conflicting objectives and decisions, conflicting interpretations of uncertainty, and failure of articulating decision criteria, risk attitudes, modeling assumptions, and weaknesses. Solving these problems can entail use of more recent decision-aiding tools and methods for multi-objective decisionmaking, use of methods for rigorously extracting knowledge from multiple experts, and decomposing complex problems into tractable subparts.

Citation

Marcot, B.G. 2007. The quandaries and promise of risk management: a scientist''s perspective on integration of science and management. The George Wright Forum. 24(2): 30-35