Risk Management

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Abstract

Risk management consists of a series of actions to list out all possible risks, evaluate their influences, and reduce or avoid the losses. We hear the term “risk management” in a number of fields including finance, corporate management, safety of machine systems, accident prevention, and natural disasters. The fields, however, have different concepts and understanding of its controllability associated with the term. In most fields, risk is pure risk that can only produce negative effects, but in some cases, evaluating speculative risk with both negative and positive effects is important.