If the adage ‘‘to manage risk, one must measure it’’ constitutes the compass for risk management, then risk models provide the roadmaps that guide the analyst throughout the journey of risk assessment. The process of risk assessment and management may be viewed through many lenses, depending on the perspective, vision, values, and circumstances. This forum addresses the complex problem of developing tactical and strategic responses to the risks of terrorism. As a vehicle with which to communicate a framework for modeling, we focus on the risks facing the United States, while recognizing that a more complete analysis would include the entire world community.
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Haimes et al. (2004) studied this question.
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