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]).
| | Model | Description |
| | (1) | R=E | Risk=Expected value (loss) | | (2) | R=P&C | Risk=Probability and scenarios/Consequences/severity of consequences | | (3) | R=C&U | Risk=Consequences/damage/severity of these + Uncertainty | | (4) | R=U | Risk=Uncertainty | | (5) | R=OU | Risk=Objective Uncertainty | | (6) | R=C | Risk=Event or consequence | | (7) | R=ISO | Risk=Event or consequence |
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