2015
DOI: 10.1016/j.engappai.2015.07.016
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A CIA–ISM scenario approach for analyzing complex cascading effects in Operational Risk Management

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Cited by 23 publications
(24 citation statements)
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“…Lyer [10] identified 17 risks encountered during the development stage of public and private projects in India and used ISM to develop a hierarchical structure. Huerga et al [11] applied crossimpact analysis and ISM to analyze the complex cascading effects in operational RM to determine the relationships between different risks and consequences, direct links, indirect links, and cascading effects. Therefore, the ISM method is especially suitable for analyzing the relationships of risk factors in infrastructure projects that have numerous variables, complex relations, and unclear structures [12].…”
Section: State Of the Artmentioning
confidence: 99%
“…Lyer [10] identified 17 risks encountered during the development stage of public and private projects in India and used ISM to develop a hierarchical structure. Huerga et al [11] applied crossimpact analysis and ISM to analyze the complex cascading effects in operational RM to determine the relationships between different risks and consequences, direct links, indirect links, and cascading effects. Therefore, the ISM method is especially suitable for analyzing the relationships of risk factors in infrastructure projects that have numerous variables, complex relations, and unclear structures [12].…”
Section: State Of the Artmentioning
confidence: 99%
“…Issues concerning the structure, detail, and relevance of statistical hazard data mean it is often impossible to determine the base rate frequencies required for analysis such as the Bayesian Event Tree methods developed by Marzocchi, Sandri, and Selva [ 18 ]. However, these frequencies are not strictly required for predictive models based on the opinions of experienced and suitably qualified experts [ 19 ]. Relevant approaches to developing numerical models of potentially cascading disasters are exemplified by the combination of Cross Impact Analysis with Interpretive Structural Modelling (CIA-ISM), by Ramirez de la Huerga, Bañuls Silvera and Turoff [ 19 ].…”
Section: Introductionmentioning
confidence: 99%
“…However, these frequencies are not strictly required for predictive models based on the opinions of experienced and suitably qualified experts [ 19 ]. Relevant approaches to developing numerical models of potentially cascading disasters are exemplified by the combination of Cross Impact Analysis with Interpretive Structural Modelling (CIA-ISM), by Ramirez de la Huerga, Bañuls Silvera and Turoff [ 19 ]. Their method produces structural models of cascading disaster progressions by gathering, iterating, and then combining expert likelihood ratings, without using base rate frequency data.…”
Section: Introductionmentioning
confidence: 99%
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