Advances in Robotics & Automation

Department of Civil Engineering, Shenyang Jianzhu University, Shenyang 110168, China

Publications

• Mini Review   
  Risk Management with Probabilistic Reasoning: Strategies for Success
  Author(s): Felica Neon*
  
  Risk management is a critical aspect of decision-making in various domains, from finance to engineering to healthcare. Employing probabilistic reasoning in risk assessment and mitigation strategies enhances the effectiveness of risk management processes. This paper explores the integration of probabilistic reasoning into risk management frameworks, highlighting its significance in identifying, evaluating and addressing uncertainties. By employing probabilistic models, organizations can make informed decisions, optimize resource allocation and anticipate potential outcomes with greater accuracy. Strategies for successful implementation of probabilistic reasoning in risk management are discussed, emphasizing the importance of data quality, expert judgment and continuous improvement. Case studies from different industries illustrate the practical application and benefits of p.. Read More»
  DOI: 10.37421/2168-9695.2024.13.278

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