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Worst-case Scenario
A worst-case scenario is a concept in risk management wherein the planner, in planning for potential disasters, considers the most severe possible outcome that can reasonably be projected to occur in a given situation. Conceiving of worst-case scenarios is a common form of strategic planning, specifically scenario planning, to prepare for and minimize contingencies that could result in accidents, quality problems, or other issues. Development and use The worst-case scenario is " e of the most commonly used alternative scenarios".Charles Yoe, ''Principles of Risk Analysis: Decision Making Under Uncertainty'' (2011), p. 429-30. A risk manager may request "a conservative risk estimate representing a worst-case scenario" in order to determine the latitude they may exercise in planning steps to reduce risks.Nicholas P. Cheremisinoff, ''Environmental Technologies Handbook'' (2005), page 73-74. Generally, a worst-case scenario "is settled upon by agreeing that a given worst case is bad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Worst Case Scenario 131210-M-QH615-002
The Worst or Worst may refer to: * ''The Worst'', a 1997 album by Sarcófago, or its title track * ''The Worst'', a 2000 album by Tech N9ne, or its title track * ''The Worst'', a 2004 EP by Lower Class Brats, or its title track * "The Worst" (Onyx and Wu-Tang Clan song), 1998 * "The Worst" (Jhené Aiko song), 2014 * "The Worst", a song by the Rolling Stones from the album ''Voodoo Lounge'', 1994 * ''Worst'' (manga), a 2002 Japanese delinquent manga series by Hiroshi Takahashi * " Worst (I Assume)", a song by JoJo from her 2021 album ''Trying Not to Think About It'' * John H. Worst (1850–1945), Lieutenant Governor of North Dakota See also * Worster (surname) * * * * Worst-case scenario (other) * Worse (other) Worse may refer to: * Worse Creek, Chattooga River, Georgia, USA; a creek * worse set, in mathematics See also * * The Worst (other) The Worst or Worst may refer to: * ''The Worst'', a 1997 album by Sarcófago, or its title track ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Disaster
A disaster is a serious problem occurring over a short or long period of time that causes widespread human, material, economic or environmental loss which exceeds the ability of the affected community or society to cope using its own resources. Disasters are routinely divided into either " natural disasters" caused by natural hazards or "human-instigated disasters" caused from anthropogenic hazards. However, in modern times, the divide between natural, human-made and human-accelerated disasters is difficult to draw. Examples of natural hazards include avalanches, flooding, cold waves and heat waves, droughts, earthquakes, cyclones, landslides, lightning, tsunamis, volcanic activity, wildfires, and winter precipitation. Examples of anthropogenic hazards include criminality, civil disorder, terrorism, war, industrial hazards, engineering hazards, power outages, fire, hazards caused by transportation, and environmental hazards. Developing countries suffer the greatest costs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Strategic Planning
Strategic planning is an organization's process of defining its strategy or direction, and making decisions on allocating its resources to attain strategic goals. It may also extend to control mechanisms for guiding the implementation of the strategy. Strategic planning became prominent in corporations during the 1960s and remains an important aspect of strategic management. It is executed by strategic planners or strategists, who involve many parties and research sources in their analysis of the organization and its relationship to the environment in which it competes. ''Strategy'' has many definitions, but it generally involves setting strategic goals, determining actions to achieve the goals, setting a timeline, and mobilizing resources to execute the actions. A strategy describes how the ends (goals) will be achieved by the means (resources) in a given span of time. Often, Strategic Planning is long term and organizational action steps are established from two to five year ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scenario Planning
Scenario planning, scenario thinking, scenario analysis, scenario prediction and the scenario method all describe a strategic planning method that some organizations use to make flexible long-term plans. It is in large part an adaptation and generalization of classic methods used by military intelligence. In the most common application of the method, analysts generate simulation games for policy makers. The method combines known facts, such as demographics, geography and mineral reserves, with military, political, and industrial information, and key driving forces identified by considering social, technical, economic, environmental, and political ("STEEP") trends. In business applications, the emphasis on understanding the behavior of opponents has been reduced while more attention is now paid to changes in the natural environment. At Royal Dutch Shell for example, scenario planning has been described as changing mindsets about the exogenous part of the world prior to formulating ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accident
An accident is an unintended, normally unwanted event that was not directly caused by humans. The term ''accident'' implies that nobody should be blamed, but the event may have been caused by unrecognized or unaddressed risks. Most researchers who study unintentional injury avoid using the term ''accident'' and focus on factors that increase risk of severe injury and that reduce injury incidence and severity. For example, when a tree falls down during a wind storm, its fall may not have been caused by humans, but the tree's type, size, health, location, or improper maintenance may have contributed to the result. Most car wrecks are not true accidents; however English speakers started using that word in the mid-20th century as a result of media manipulation by the US automobile industry. Types Physical and non-physical Physical examples of accidents include unintended motor vehicle collisions, falls, being injured by touching something sharp or hot, or bumping into someth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quality Assurance
Quality assurance (QA) is the term used in both manufacturing and service industries to describe the systematic efforts taken to ensure that the product(s) delivered to customer(s) meet with the contractual and other agreed upon performance, design, reliability, and maintainability expectations of that customer. The core purpose of Quality Assurance is to prevent mistakes and defects in the development and production of both manufactured products, such as automobiles and shoes, and delivered services, such as automotive repair and athletic shoe design. Assuring quality and therefore avoiding problems and delays when delivering products or services to customers is what ISO 9000 defines as that "part of quality management focused on providing confidence that quality requirements will be fulfilled". This defect prevention aspect of quality assurance differs from the defect detection aspect of quality control and has been referred to as a ''shift left'' since it focuses on quality effor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Risk Manager
In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. Many different definitions have been proposed. The international standard definition of risk for common understanding in different applications is “effect of uncertainty on objectives”. The understanding of risk, the methods of assessment and management, the descriptions of risk and even the definitions of risk differ in different practice areas ( business, economics, environment, finance, information technology, health, insurance, safety, security etc). This article provides links to more detailed articles on these areas. The international standard for risk management, ISO 31000, provides principles and generic guidelines on managing risks faced by organizations. Definitio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Environmental Engineering
Environmental engineering is a professional engineering discipline that encompasses broad scientific topics like chemistry, biology, ecology, geology, hydraulics, hydrology, microbiology, and mathematics to create solutions that will protect and also improve the health of living organisms and improve the quality of the environment. Environmental engineering is a sub-discipline of civil engineering and chemical engineering. While on the part of civil engineering, the Environmental Engineering is focused mainly on Sanitary Engineering. Environmental engineering is the application of scientific and engineering principles to improve and maintain the environment to: * protect human health, *protect nature's beneficial ecosystems, *and improve environmental-related enhancement of the quality of human life. Environmental engineers devise solutions for wastewater management, water and air pollution control, recycling, waste disposal, and public health. They design municipal water supply ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Computer Science
Computer science is the study of computation, automation, and information. Computer science spans theoretical disciplines (such as algorithms, theory of computation, information theory, and automation) to Applied science, practical disciplines (including the design and implementation of Computer architecture, hardware and Computer programming, software). Computer science is generally considered an area of research, academic research and distinct from computer programming. Algorithms and data structures are central to computer science. The theory of computation concerns abstract models of computation and general classes of computational problem, problems that can be solved using them. The fields of cryptography and computer security involve studying the means for secure communication and for preventing Vulnerability (computing), security vulnerabilities. Computer graphics (computer science), Computer graphics and computational geometry address the generation of images. Progr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Best, Worst, And Average Case
In computer science, best, worst, and average cases of a given algorithm express what the resource usage is ''at least'', ''at most'' and ''on average'', respectively. Usually the resource being considered is running time, i.e. time complexity, but could also be memory or some other resource. Best case is the function which performs the minimum number of steps on input data of n elements. Worst case is the function which performs the maximum number of steps on input data of size n. Average case is the function which performs an average number of steps on input data of n elements. In real-time computing, the worst-case execution time is often of particular concern since it is important to know how much time might be needed ''in the worst case'' to guarantee that the algorithm will always finish on time. Average performance and worst-case performance are the most used in algorithm analysis. Less widely found is best-case performance, but it does have uses: for example, where the be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elishakoff
Isaac Elishakoff is a Distinguished Research Professor in the Ocean and Mechanical Engineering Department in the Florida Atlantic University, Boca Raton, Florida. He is an authoritative figure in the broad area of mechanics. He has made several contributions in the areas of random vibrations, solid mechanics of composite material, semi-inverse problems of vibrations and stability, functionally graded material structures, and nanotechnology. He has over 580 journal papers, 32 authored, co-authored, edited or co-edited books and has given over 200 national and international talks at conferences and seminars. His selected lectures on (a) Elastic Stability, (b) Vibration Syntheses and Analysis and (c) Intermediate Strength of Materials are available on the internet. In 2021, Elishakoff received Blaise Pascal Medal in Engineering from the European Academy of Sciences, “to recognise an outstanding and demonstrated personal contribution to science and technology and the promotion ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
