Complexity / 2019 / Article / Tab 4

Review Article

Emerging Risk Management in Industry 4.0: An Approach to Improve Organizational and Human Performance in the Complex Systems

Table 4

Main models on risk used in the professional and scientific fields (adapted from [16]).

ModelDescription

(1)R=ERisk=Expected value (loss)
(2)R=P&CRisk=Probability and scenarios/Consequences/severity of consequences
(3)R=C&URisk=Consequences/damage/severity of these + Uncertainty
(4)R=URisk=Uncertainty
(5)R=OURisk=Objective Uncertainty
(6)R=CRisk=Event or consequence
(7)R=ISORisk=Event or consequence

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