09/25/08tomtuduc@webarches.com
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Quantitative Risk ManagementQuantitative Risk Management
Tom Tuduc
 
09/25/08tomtuduc@webarches.com
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IntroductionIntroduction
Risk is ubiquitous - We are all familiar with risks:
RISK board games and video games.
Download risk-free product trials
Buy products that reduce risks of illness
Terrorist threats
Take calculated risks (video clip ReturnOfTheKing)
Avoid running the risk of ...
Risk attitude
Eliminating risk by getting more information and/or controllingoutcome (video clip ValueInfoControl)
Who is at risk, high risk groups (video clip highrisk)
 
09/25/08tomtuduc@webarches.com
3
SummarySummary
Homeland Security is complex and include uncommon and/or hypotheticaluncertainties. It takes both qualitatively and quantitatively models toconsider hundreds of intelligences with different credibility and accuracy.
Topics:
1. How Influence Diagrams/Decision Analysis help experts communicateand model Homeland Security decisions, threats, and countermeasuresvisually, qualitatively, and quantitatively.2. How Decision Analysis enable calculations that maximize security, makedecision policies, quantify insights of each threat factor, and the worth of additional information and control on each factor.3. A review of several examples in the literature: influence diagrams interrorist threat countermeasures, early warming systems, toxin containment policies, and intrusion-aware information systems.4. Security categories, Application trends, technology integration possibilities, and online resources

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