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The Role of Time in Risk and Risk Analysis: Implications for Resilience, Sustainability, and Management
dc.contributor.authorLogan, Tom M.
dc.contributor.authorAven, Terje
dc.contributor.authorGuikema, Seth
dc.contributor.authorFlage, Roger
dc.date.accessioned2022-01-06T15:48:10Z
dc.date.available2022-12-06 10:48:09en
dc.date.available2022-01-06T15:48:10Z
dc.date.issued2021-11
dc.identifier.citationLogan, Tom M.; Aven, Terje; Guikema, Seth; Flage, Roger (2021). "The Role of Time in Risk and Risk Analysis: Implications for Resilience, Sustainability, and Management." Risk Analysis 41(11): 1959-1970.
dc.identifier.issn0272-4332
dc.identifier.issn1539-6924
dc.identifier.urihttps://hdl.handle.net/2027.42/171133
dc.description.abstractThere is a persistent misconception that risk analysis is only suited for considering the immediate consequences of an event. Such a limitation would make risk analysis unsuitable for many challenges, including resilience, sustainability, and adaptation. Fortunately, there is no such limitation. However, this notion has stemmed from a lack of clarity regarding how time is considered in risk analysis and risk characterization. In this article, we discuss this issue and show that risk science provides concepts and frameworks that can appropriately address time. Ultimately, we propose an adjusted nomenclature for explicitly reflecting time in risk conceptualization and characterizations.
dc.publisherJohn Wiley & Sons
dc.subject.otherrisk concept
dc.subject.othertime
dc.subject.otherfoundations of risk
dc.subject.otherDefinition of risk
dc.titleThe Role of Time in Risk and Risk Analysis: Implications for Resilience, Sustainability, and Management
dc.typeArticle
dc.rights.robotsIndexNoFollow
dc.subject.hlbsecondlevelBusiness (General)
dc.subject.hlbtoplevelBusiness and Economics
dc.description.peerreviewedPeer Reviewed
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/171133/1/risa13733_am.pdf
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/171133/2/risa13733.pdf
dc.identifier.doi10.1111/risa.13733
dc.identifier.sourceRisk Analysis
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dc.working.doiNOen
dc.owningcollnameInterdisciplinary and Peer-Reviewed


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