Title: Recovery time of a complex system in risk and crisis management operations

Authors: Panagiotis T. Artikis, Constantinos T. Artikis

Addresses: Warwick Business School, University of Warwick, Coventry, CV 4 7AL, UK. ' Department of Computing and Mathematics, School of Informatics, University of Bradford, West Yorkshire, BD 7 1DP, UK

Abstract: It is generally recognised that a random sum of discrete random variables and a maximum of a random number of non-negative random variables are very powerful analytical concepts for formulating effective stochastic models with significant applications in many practical disciplines. The paper combines these concepts in order to formulate a stochastic model. Properties and applications in risk and crisis management operations of the formulated stochastic model are also established.

Keywords: risk management; crisis management; emergency management; recovery time; complex systems; stochastic modelling.

DOI: 10.1504/IJDSRM.2009.027249

International Journal of Decision Sciences, Risk and Management, 2009 Vol.1 No.1/2, pp.104 - 111

Published online: 18 Jul 2009 *

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