lokrisk

Lokrisk is a term used in risk theory and resilience studies to describe a framework for analyzing how local risks accumulate into system-wide risk within complex networks. The word appears in academic papers, industry reports, and scenario analyses dating to the early 2020s, though its precise definition varies by discipline.

At its core, lokrisk distinguishes local risk, which is confined to a single node or region, from the emergent risks that arise from interactions, dependencies, and feedback among components. The concept emphasizes that small, localized vulnerabilities can cascade, creating disproportionate effects at larger scales.

Analysts applying lokrisk use network models, stress testing, and scenario planning to map potential cascades and identify leverage points. Metrics associated with lokrisk include local vulnerability scores, cascade probability, and systemic resilience indicators, often integrated into broader risk-management dashboards.

In practice, lokrisk has been discussed in contexts such as cybersecurity, supply-chain risk, critical infrastructure, and climate and disaster planning, where local shocks can propagate through interconnected systems.

Critics argue that lokrisk remains a diffuse concept with limited standardization, and that its practical value depends on the quality of underlying models and data. Some see it as overlapping with established notions of systemic or cascading risk. See also systemic risk, resilience, network science, and risk assessment.