Risk Matrix

1. Front Matter

   Pages i-viii

   PDF

2. Risk Matrix: Foundations and Overview

   • Chunbing Bao, Jianping Li, Dengsheng Wu

   Pages 1-11

3. Different Types of Risk Matrices and Typical Applications

   • Chunbing Bao, Jianping Li, Dengsheng Wu

   Pages 13-26

4. Rating Scheme Design Methods

   • Chunbing Bao, Jianping Li, Dengsheng Wu

   Pages 27-55

5. Risk Perceptions in Risk Matrix: Sources and Impact to Risk Matrix Design

   • Chunbing Bao, Jianping Li, Dengsheng Wu

   Pages 57-88

6. Risk Matrix Design Assessment: Criteria and Quantitative Indicators

   • Chunbing Bao, Jianping Li, Dengsheng Wu

   Pages 89-114

7. Risk Matrix Aggregation: A General Framework

   • Chunbing Bao, Jianping Li, Dengsheng Wu

   Pages 115-123

8. Risk Matrix Aggregation Methods: Introduction and Comparative Analysis

   • Chunbing Bao, Jianping Li, Dengsheng Wu

   Pages 125-147

9. Three-Dimensional Risk Matrix: Theoretical Basis and Construction

   • Chunbing Bao, Jianping Li, Dengsheng Wu

   Pages 149-169

10. Conclusions and Future Research

    • Chunbing Bao, Jianping Li, Dengsheng Wu

    Pages 171-173

This book focuses on discussing the issues of rating scheme design and risk aggregation of risk matrix, which is a popular risk assessment tool in many fields. Although risk matrix is usually treated as qualitative tool, this book conducts the analysis from the quantitative perspective. The discussed content belongs to the scope of risk management, and to be more specific, it is related to quick risk assessment. This book is suitable for the researchers and practitioners related to qualitative or quick risk assessment and highly helps readers understanding how to design more convincing risk assessment tools and do more accurate risk assessment in a uncertain context.

• Risk Matrix
• Rating Scheme
• Risk Aggregation
• Risk Matrix Design
• Risk Matrix Aggregation
• Three-dimensional Risk Matrix
• Sequential Updating
• Risk Matrix Design Criteria

“This book is concerned with risk, in all of its forms, its modeling, formalization and handling. … this book can serve for a diverse variety of audiences, nearly to anyone of them. … the book is written and illustrated in such a pleasant way. … Based on this remarkable book, many future scientific, applied and real-world illustrations and usages can be explored and pursued in the vast and quickly expanding universe of modern research … .” (Gerhard-Wilhelm Weber, Ismail Özcan and Jinal Parikh, zbMATH 1503.91005, 2023)

• School of Management, Shandong University, Jinan, China

  Chunbing Bao

• School of Economics and Management, University of Chinese Academy of Sciences, Beijing, China

  Jianping Li

• Institutes of Science and Development, Chinese Academy of Sciences, Beijing, China

  Dengsheng Wu

Chunbing Bao is an associate professor working in the Department of Information System and Supply Chain Management, Shandong University, China. He received his bachelor's degree from the University of Science and Technology of China, and he received his Ph.D. from the University of Chinese Academy of Sciences. His researches interests include risk management, supply chain management. 


Jianping Li is a distinguished professor at the University of Chinese Academy of Sciences (UCAS). He is also the executive vice dean of the School of Economics and Management at the UCAS and the executive member and secretary-general of the International Academy on Information Technology and Quantitative Management (IAITQM). His research interests include risk management and big data analysis. He has published more than 130 papers and 6 monographs, including Risk Analysis, Annals of Tourism Research, and European Journal of Operational Research. He has been awarded "2020Elsevier Highly Cited Chinese Researchers", "China Youth Science and Technology Award", "National Outstanding Science and Technology Worker of China", "Excellent Tutor Award of Chinese Academy of Sciences", and won 2 first prizes and 4 second prizes of provincial and ministerial Natural Science/Technology Progress Awards in China. 


Dengsheng Wu is an associate professor at the Institutes of Science and Development Chinese Academy of Sciences. He is a member of the Youth Innovation Promotion Association of Chinese Academy of Sciences and severs as the academic editor of the Innovation, associate editor of the Chinese Journal of Management Science. He has published 50 articles, among which more than 20 articles are indexed by the FMS journal rating guide, such as the important journal Risk Analysis, European Journal of Operational Research. His researches interests include risk management, Scientometrics. 

Policies and ethics