Risikosyn
Risikosyn is a term used to describe an integrative framework for synthesizing risk information from diverse sources to support risk management decisions. It encompasses data collection from quantitative models, qualitative assessments, expert judgments, and historical records; it aims to produce a coherent risk profile and actionable guidance.
Origin and use: The term appears in theoretical and applied risk literature in the 21st century as
Core concepts: risk synthesis, uncertainty propagation, scenario analysis, and prioritization. It emphasizes combining probabilistic risk assessment
Methodology: Typically involves (1) defining decision context and risk measures, (2) collecting diverse data, (3) harmonizing
Tools and techniques: Bayesian networks, Monte Carlo simulation, Structured Expert Judgement, multi-criteria decision analysis, and fault
Applications: risk governance in finance, engineering projects, environmental planning, public health, and disaster risk reduction.
Critique and reception: Proponents argue it improves comparability and transparency; critics caution about subjective weighting, data
See also: risk assessment, risk management, decision analysis, uncertainty quantification.