Risk Assessment and Management in the Networked Economy: 412 Hardcover – 21 July 2012

From the reviews:

“This book, written by Australian researchers, provides advanced insights with sophisticated analytical techniques. Anyone involved in web commerce should know these concepts. … The book is very logically and smoothly constructed. Each chapter contains a reference list. … Overall, this is a valuable text for readers interested in understanding transactional risk in web commerce.” (Brad Reid, Computing Reviews, September, 2013)

Risk and reward are always foremost in the determination of investment decisions and business transactions. Advances in the area of Information Communication Technologies (ICT) have enabled the development of new business paradigms. Such paradigms involve transactions taking place between loosely connected parties, often totally or partially unknown to one another. One important concept required to ensure such transactions are successful is transactional risk. The importance of doing this has been demonstrated in recent financial crisis. This book is unique in simultaneously taking into account the likelihood of an event occurring and its financial impact and provides an integrated discussion of the process of transactional risk identification, assessment, evaluation, management and recording in these emerging domains. It provides a detailed and clear exposition of the importance of transactional risk before detailing for its assessment and evaluation.

The scope of the book is theoretical and practical and as such it will have a broad market both within academia and industry. Specifically this book should be of primary interest to researchers, graduate students and practitioners in the area of developing business intelligence techniques and their application in various real world applications.