Risk Analysis

 

    In the risk analysis field, I was a charter member in the Society of Risk Analysis China Branch (SRA-China) and a member of the editorial board of the Journal of Risk Analysis and Crisis Response (JRACR). My previous work in the area of risk analysis mainly focused on establishing a basic framework for operational risk assessment. Operational risk is severe but highly unpredictable due to the dynamic factors of an organization’s internal environment. It also requires a large amount of historical data to conduct traditional statistical risk analysis. Unfortunately, most organizations do not maintain enough data. Instead, I proposed a very basic weighted mean model which broke business processes into different phases and allowed managers to assign risk levels in different phases based on their own judgments.

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