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Published in:
2021 | OriginalPaper | Chapter
2. Risk Management
Author : Hans-Leo Ross
Published in: Safety for Future Transport and Mobility
Publisher: Springer International Publishing
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Abstract
People associate risk always with negative effects. The Greek origin of the word Risk is also derived into many languages for the word Risks. Product risk describes the cross-product of possible damages and the probability of occurrence as any other dimension of risk. There are different opinions to the terms and definition of the risk in the economic literature.