Book Description
Learn about today's hottest new risk management tools
One of the hottest areas of finance today, alternative risk transfer, or ART, refers to the use of various insurance products to manage market, credit, operational, legal, environmental, and other forms of risk. As the capital and insurance markets continue to converge, the number and complexity of new risk-defraying insurance products available to corporations, brokerages, money managers and other financial professionals will continue to grow. Expert Christopher L. Culp uses case studies of recent ART transactions used by risk managers to put the field into perspective for financial professionals and to acquaint them with the various types of risk control products now available. In addition he explores, in-depth, the links between ART, derivatives and bank-arranged risk financing, and he explains the key differences between classic insurance products and financial guarantees, risk financing, bundled layering, and other ART forms.
Customer Reviews:
For Useless Academics.......2004-04-03
If you are a practicioner, skip this book. Even academics will find this rehash (and outright clone) of better material a waste of time.
Packed with Knowledge!.......2002-11-12
Finance professional and professor Christopher L. Culp tells all, that is, all about alternate risk transfer (ART) products. Culp discusses corporate finance in detail, covering different types of capital. He sets out the risk control and capital structure functions of various classical and alternative risk transfer steps, such as derivatives targeted at market and credit risk, asset divestiture, insurance and reinsurance. Don't even go here if you aren't already familiar with (or studying) the sophisticated basics of finance, since this is highly technical reading, including numerous formulas, charts and graphs describing financial theories and processes. But if you are an expert, we from getAbstract congratulate you on finding your way to Culp, who aimed his book at the already-savvy: corporate treasurers, financial officers and those who participate in capital markets and the reinsurance industry.
Book Description
An incredible, true-life adventure set on the most dangerous frontier of all—outer spaceIn the nearly forty years since Neil Armstrong walked on the moon, space travel has come to be seen as a routine enterprise—at least until the shuttle Columbia disintegrated like the Challenger before it, reminding us, once again, that the dangers are all too real.
Too Far from Home vividly captures the hazardous realities of space travel. Every time an astronaut makes the trip into space, he faces the possibility of death from the slightest mechanical error or instance of bad luck: a cracked O-ring, an errant piece of space junk, an oxygen leak . . . There are a myriad of frighteningly probable events that would result in an astronaut’s death. In fact, twenty-one people who have attempted the journey have been killed.
Yet for a special breed of individual, the call of space is worth the risk. Men such as U.S. astronauts Donald Pettit and Kenneth Bowersox, and Russian flight engineer Nikolai Budarin, who in November 2002 left on what was to be a routine fourteen-week mission maintaining the International Space Station.
But then, on February 1, 2003, the Columbia exploded beneath them. Despite the numerous news reports examining the tragedy, the public remained largely unaware that three men remained orbiting the earth. With the launch program suspended indefinitely, these astronauts had suddenly lost their ride home.
Too Far from Home chronicles the efforts of the beleaguered Mission Controls in Houston and Moscow as they work frantically against the clock to bring their men safely back to Earth, ultimately settling on a plan that felt, at best, like a long shot.
Latched to the side of the space station was a Russian-built Soyuz TMA-1 capsule, whose technology dated from the late 1960s (in 1971 a malfunction in the Soyuz 11 capsule left three Russian astronauts dead.) Despite the inherent danger, the Soyuz became the only hope to return Bowersox, Budarin, and Pettit home.
Chris Jones writes beautifully of the majesty and mystique of space travel, while reminding us all how perilous it is to soar beyond the sky.
Customer Reviews:
Great for those with interest in life in space........2007-09-15
I really enjoyed this book. I have always had an interest in the space program since I grew up in Florida and would watch most launches when I was in grade school. There were just a few parts of the book that might not be totally accurate due to the writers background as a sports writer and that is why I gave 4 stars. Happy reading!
stuck in space..........2007-07-30
In February of 2003 the space shuttle Columbia disintegrated upon re-entry into Earth's atmosphere and all seven astronauts aboard were lost. The news shattered the pysche of our nation and as TOO FAR FROM HOME strongly details the last people to see them and who felt their loss so acutely were the 3 astronauts aboard the International Space Station who had just seen Columbia disenage from station. Americans Kenneth Bowersox, and Don Pettit and Russian Nikolai Budarin were left with only the outdated Soviet capsule Soyuz to get back home. With the mission estended and no end in sight the author richly details life aboard the ISS and all the inherent risks of life in space and all the spectacular reasons why men and women risk their lives to be in space.
Couldn't put this book down!.......2007-07-25
I really enjoyed reading this book. The writing is beautiful and very descriptive. It reads like a science fiction book. It is very fast-paced and easy reading.
In November 2002, ten astronauts left Earth aboard the space shuttle Columbia headed for the International Space Station (ISS). The mission was to depart much earlier, but problems, both technical and weather related, marred the launch. On one launch date, when the astronauts were already strapped-in in their seats aboard space shuttle Columbia, bad weather in their emergency landing site in Spain prevented the launch. The astronauts had to return home. On another occasion, a technical fault cancelled the launch. When the new launch date in November was approaching, the astronauts were wandering if more problems would suddenly appear and prevent another launch. Some astronauts believed that the mission had a bad luck aura around it, but did not discuss it openly. One astronaut had told his relatives that he was never coming back home again!
The launch did take place on November 2002, and to spectators on the ground and to the astronauts aboard Columbia the launch was routine and successful. But cameras aboard Columbia transmitted a different image to Mission Control. A piece was dislodged during the launch and hit critical heat shields located underside the shuttle. After reviewing the tape hundreds of times, Mission Control concluded that the piece must have bounced off the underside of the shuttle causing no damage.
On February 1, 2003, only seven of the ten astronauts were heading back to Earth aboard Columbia after bidding farewell to the three astronauts they left behind in the International Space Station. Sadly, they never made it back home. On re-entry, as witnessed by millions of spectators worldwide, Columbia exploded, killing all seven astronauts onboard. Contrary to what Mission Control thought at first, the heat shields were damaged during the launch. The three astronauts left behind in the International Space Station -- Donald Petit, Kenneth Bowersox, and Russian flight engineer Nikolai Budarin -- found themselves too far from home, stranded on the International Space Station!
Mission Controls in Houston and Moscow worked around the clock to bring back the astronauts safely. Launching another Space Shuttle was not an option, since further NASA space shuttle launches were suspended for months, perhaps years. There was also the problem of how to provide the stranded astronauts with enough supplies while they remained in space. Ultimately, they had to settle to a plan that, according to the author, was risky to say the least. Latched to the side of the space station was a Russian-built Soyuz TMA-1 capsule with outdated technology and, according to the Americans, a questionable safety record. In 1971 a malfunction in the Soyuz 11 capsule left three Russian cosmonauts dead (However, as one reviewer on amazon.com pointed out, all Soyuz crews since that mission have worn full pressure suits during launch and entry as a safeguard against that failure happening again). Furthermore, the Soyuz TMA-1 capsule hadn't been flight tested before (there was never a need to use it)! However, as far as the Russians were concerned, the Soyuz was safe and the only way to bring the astronauts back home.
Despite the inherent danger, the Soyuz became the only hope to return Bowersox, Budarin, and Petit home. Interestingly, though, the three astronauts had such a great time aboard the International Space Station that none of them wanted to return home when they were relieved. Aboard the Soyuz, the three astronauts eventually took "an accelerated, lung-crushing dive" back to earth. Their account aboard the Soyuz is remarkable, and will leave you gasping for air!
The author goes back to the history of the space race with Russia; with the first Russian in space; to animals sent in rockets to space; Neil Armstrong's walk on the moon; the Russian space station; and finally to the International Space Station. You will learn a lot of things about life in space that you probably did not know about, assuming you have not read such material before like me. For example, many early astronauts aboard space stations felt lonely and depressed and longed for home. All the earlier astronauts retired from NASA soon after their return from space! Two astronauts actually went on strike for a whole day while on a space station, and refused to continue their mission. They too retired from NASA on their return. However, the Russian cosmonauts fared much better. They adapted well to the loneliness and confines of space, unlike their American counterparts. According to the author, this is due to the simple life of the Russians as compared to the luxurious and comfortable life Americans lead and are used to.
You will learn a lot about the amazing beauty of a space walk, and how astronauts are so mesmerized by the beauty that they forget themselves, floating as in a trance towards Earth. One astronaut almost was lost in this way if it wasn't for another astronaut pulling him back! I actually went to my video store and bought an Imax DVD of a spacewalk! On the funny side, you'll learn how astronauts "take a crap" in zero gravity, and some quite embarrassing situations!
Here's some negative criticism from other reviewers on amazon.com:
"This author skips around with what in the movie business would be called flashbacks; a few of these are fine but I think this author over used them."
"Felt like there was a little too much effort put into making this into a Manly Tale. Everything seems a little too exaggerated -- the spicy language, the icy fear, the burning decisions. Maybe this style would have held up without question in a magazine, but at the novel's length, I kept wondering, "How do you know?" The little details started to feel like some of them were imagined or embellished; the writing was popping me out of being lost in the scene."
Overall, I highly recommend this book if you have never read non-fiction books on space before.
Too far from home: A story of Life and Death in Space.......2007-07-05
Arived quickly in time for a flight to Atlanta and back, was able to get entirely through it during both flights, However I generly like a lininar book, this author skips around with what in the movie business would be called flashbacks, a few of these are fine but I think this author over used them.
This is as good as it gets............2007-06-27
Ordinarily I wouldn't read a book on space travel because it's not something I've ever had an interest in. I picked the book up for my husband. I'm certainly glad I opened it myself. I read one of the comments where the person thought that Chris Jones should stick to what he knows, sports. I think it's obvious that Chris IS sticking to what he knows, the heart and soul that fills a person up and pushes them to go for the impossible. He understands the human spirit and writes about it beautifully. Space travel is a huge, poetic, heroic, incredible achievement that somehow I viewed with a blase' attitude -- Ho-hum, man in space.... What was I thinking! Thanks to Chris I will now always view it with a lump in my throat and gratitude to the remarkable men and women who make it happen.
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Computer Systems Validation: Quality Assurance, Risk Management, and Regulatory Compliance for Pharmaceutical and Healt
Manufacturer: Informa Healthcare
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21 CFR Part 11: Complete Guide to International Computer Validation Compliance for the Pharmaceutical Industry
ASIN: 0849318718 |
Book Description
The most comprehensive guide to computer validation currently available, this invaluable reference discusses good laboratory, clinical, manufacturing, and distribution practices and explains the latest regulatory developments for the US, European and other regulatory authorities. Practical examples and checklists appear throughout the book and the authors explores the role of quality assurance and risk management as key components of pragmatic regulatory compliance. He reviews over twenty case studies of different types of computer systems. Latest FDA and PIC/S developments concerning computer validation, electronic records and signatures, and process analytical technologies are included.
Book Description
Don't let a construction lawsuit wipe you out. More and more construction contractors are getting sued these days. Make sure you protect yourself against costly litigation with Construction Insurance, Bonding and Risk Management edited by William J. Palmer, James Maloney, and John L. Heffron. Written in jargon-free language, this quick-and-easy resource will help you identify and manage risk in every phase of construction--from bidding on the job to driving home the final nail. You get the know-how you need to make sense of today's confusing array of insurance and bonds and to select the best coverage for your general business operations, individual contracts, job bidding and more.
Customer Reviews:
Construction Insurance, Bonding, and Risk Management.......2007-01-11
I founding this book most informative and would reccommend it to any person within my sphere of bussines.
Book Description
Comprehensive revision of more than 300f the content of the previous 2nd Edition
Increased coverage in the areas of system engineering processes, outsourcing, risk-analysis, globalization, and the application of new technologies in system development
Additional case studies have been added reflecting real-world successes
Customer Reviews:
Excellent Introduction to Systems Engineering .......2005-12-17
This book (or something similar) really should be required for anyone graduating with an engineering degree who intends to work in industry.
Systems engineering is essentially the function that oversees any design effort to ensure that the resulting design does what it's supposed to. As such requirements are the bread and butter of systems engineering. The most visible job of the system engineer then is to turn the customer's desires into functional requirements, and then turn those requirements into something that can be designed to based on the system architecture the designers / system engineers prefer.
For example, consider if you have a city with a river through it and the local government wants to develop a system to carry cars across the river. The system engineer would first turn that desire into functional requirements. These would include requirements like: No. of cars per hour that can transit, can't interfere with riverborne ship traffic, growth in traffic that can be absorbed etc. From this you have something that you can verify design concepts against to see if they satisfy the customer desires, but actually can't pull out the ruler and calculators just yet. Systems engineers / designers would then consider options like a suspension bridge, a ferry system, or a tunnel beneath the river. Each of these system options would have their own architectures and the functional requirements would have to be translated into different design requirements for each. The bridge would have to be so high to allow ship traffic and have so many lanes and bear so much live weight. The ferry system would need so many ferries of such and such a carrying capacity. The tunnel would have to have so many lanes, would require such and such a ventilation capacity, etc. The systems engineer would be involved in determining which of these architectures would best suit customer needs, and then turn the functional requirements into the design to requirements so design work can begin in earnest.
Of course as design work continues and large components are broken down into smaller and smaller design components the systems engineer continues to guide the choice of how to configure the lower tier of design components, and to allocate design to requirements for them. If the system engineer has done their job right when all the design components are integrated into each other the resulting system really does what it was intended to do and meets the functional requirements.
This book tells you in a very clear, completely comprehensive, and extremely well laid out manner how to do this. It also tells you why you should do this, and how it is beneficial. The writing is straightforward, always to the point, and easily understood. The topic is pertinent and can help you understand how systems are actually engineered in the real world, a very rare and very appreciated breath of fresh air in engineering textbooks.
The author also covers all the aspects of systems engineering planning, including scheduling, budgeting, contracting, and system verification / validation, etc. Systems engineering is largely a management function so this information is interesting and necessary for the subject.
This book will be extremely helpful for engineers of any stripe who want to put their work into context, systems engineers for how to do what their supposed to do, and for contractors and government purchasers to implement processes to guarantee that they get a system that does what they want. (Provided what they want is feasible of course!)
Certainly recommended and a book that I use frequently for reference.
Key to successful integration projects & CMMI.......2001-02-22
This book is aimed at the system engineer who is involved in product design and engineering or involved in government contracting and must produce system engineering management plans (SEMPs). It is also applicable to organizations who have or are planning to use the capability maturity model (CMM) to improve their effectiveness. For the intended audience this book is both comprehensive and complete. There are eight chapters, each followed by case studies, questions and problems, and six appendices.
It starts with a foundation of the basics, such as definitions, system engineering life cycle, analysis and concurrent engineering. It then builds upon this foundation by addressing all of the elements of a well-managed system engineering program: integrated product and process development, TQM, configuration management, support and logistics. Each element is discussed in detail and placed into the context of a total system engineering environment.
The chapter on system design requirements is particularly complete and covers every facet of this discipline, including reliability, maintainability, safety, software, etc. There is a lot of good material here, which is reinforced by the next chapter that covers design tools and methods. The design process is concluded by a chapter on design review and evaluation, which is a foundation of good quality practices as well as a well-written SEMP.
The real heart of the book starts in chapter 6, which covers SE program planing. It covers program requirements, the SEMP itself and provides a statement of work. It then provides a complete work breakdown structure for implementing system engineering functions and tasks. This chapter provides a risk management plan that is well thought out and serves as an excellent template. It also addresses the CMM for systems engineering. Much of this material has been superseded by the Software Engineering Institute's CMMI that now covers system engineering, software engineering and integrated product and process development. This is not a problem because the book's coverage of the CMM-SE is consistent with the material in the CMMI.
The final two chapters, addressing system engineering organization and supplier/sub contractor management are to the point and contains a lot of valuable information.
Had the author provided this book in soft copy on an accompanying diskette or CD ROM it would be a best seller on the Beltway because of the time it would save in developing a company-wide system engineering procedure manual.
Consulting companies and IT departments would also greatly benefit from this book because of the structured approach it provides for planning and managing system integration. Unlike their cousins in the government contracting and CMM domains, they generally approach system engineering and integration in a loose fashion that too often results in cost and schedule overruns, or project cancellation. By following the approach outlined in this book consulting companies and IT departments would find that technical, cost and schedule risks would be identified early and controlled, and that the design, integration and implementation of complex systems would enjoy a higher rate of success. This is especially true when multiple vendors are involved in an integration project - the material in chapters 1 (integrated process teams) and 8 (subcontractor management) provides a foundation for managing cross-functional teams. Therefore, I strongly recommend this book for engagement and project managers, and program management offices run by consulting companies and/or IT departments.
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Pipeline Risk Management Manual, Third Edition: Ideas, Techniques, and Resources
W. Kent Muhlbauer
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Pipeline Rules of Thumb Handbook, Sixth Edition: A Manual of Quick, Accurate Solutions to Everyday Pipeline Engineering Problems
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Pipeline Operation & Maintenance: A Practical Approach
ASIN: 0750675799 |
Book Description
Here's the ideal tool if you're looking for a flexible, straightforward analysis system for your everyday design and operations decisions. This new third edition includes sections on stations, geographical information systems, "absolute" versus "relative" risks, and the latest regulatory developments. From design to day-to-day operations and maintenance, this unique volume covers every facet of pipeline risk management, arguably the most important, definitely the most hotly debated, aspect of pipelining today.
Now expanded and updated, this widely accepted standard reference guides you in managing the risks involved in pipeline operations. You'll also find ways to create a resource allocation model by linking risk with cost and customize the risk assessment technique to your specific requirements. The clear step-by-step instructions and more than 50 examples make it easy. This edition has been expanded to include offshore pipelines and distribution system pipelines as well as cross-country liquid and gas transmission pipelines.
The only comprehensive manual for pipeline risk managementUpdated material on stations, geographical information systems, "absolute" versus "relative" risks, and the latest regulatory developmentsSet the standards for global pipeline risk management
Book Description
Praise for Structured Finance & Insurance
"More and more each year, the modern corporation must decide what risks to keep and what risks to shed to remain competitive and to maximize its value for the capital employed. Culp explains the theory and practice of risk transfer through either balance sheet mechanism such as structured finance, derivative transactions, or insurance. Equity is expensive and risk transfer is expensive. As understanding grows, and, as a result, costs continue to fall, ART will continue to replace equity as the means to cushion knowable risks. This book enhances our understanding of ART."
—Myron S. Scholes, Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University
"A must-read for everyone offering structured finance as a business, and arguably even more valuable to any one expected to pay for such service."
—Norbert Johanning, Managing Director, DaimlerChrysler Financial Services
"Culp's latest book provides a comprehensive account of the most important financing and risk management innovations in both insurance and capital markets. And it does so by fitting these innovative solutions and products into a single, unified theory of financial markets that integrates the once largely separate disciplines of insurance and risk management with the current theory and practice of corporate finance."
—Don Chew, Editor, Journal of Applied Corporate Finance (a Morgan Stanley publication)
"This exciting book is a comprehensive read on alternative insurance solutions available to corporations. It focuses on the real benefits, economical and practical, of alternatives such as captives, rent-a-captive, and mutuals. An excellent introduction to the very complex field of alternative risk transfer (ART)."
—Paul Wöhrmann, PhD, Head of the Center of Excellence ART and member of theExecutive Management of Global Corporate in Europe, Zurich Financial Services
"Structured Finance and Insurance transcends Silos to reach the Enterprise Mountaintop. Culp superbly details integrated, captive, multiple triggers and capital market products, and provides the architectural blueprints for enterprise risk innovation."
—Paul Wagner, Director, Risk Management, AGL Resources Inc.
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Statistical Procedures for Analysis of Environmental Monitoring Data and Risk Assessment (Ptr Environmental Management and Engineering Series , Vol 3)
Edward A. McBean , and
Frank Rovers
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Handbook of Loss Prevention and Crime Prevention, Fourth Edition
Lawrence Fennelly
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Effective Security Management, Fourth Edition (Effective Security Management)
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Risk Analysis and the Security Survey, Third Edition
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Managing Today! (2nd Edition)
ASIN: 0750674539 |
Book Description
Security breaches, theft, and lack of resources due to natural or man-made disaster are all forms of corporate loss. The
Handbook of Loss Prevention and Crime Prevention, Fourth Edition, shows how to avoid or minimize these losses with a wealth of practical information.
This revised volume brings together the expertise of more than 40 security and crime prevention experts who provide practical information and advice. The
Handbook continues to be the most comprehensive reference of its kind, with the Fourth Edition covering the latest on topics ranging from community-oriented policing to physical security, workplace violence, information security, homeland security, and a host of special topics. It is a must-have reference for managers and security professionals.
* Covers every important topic in the field, including the latest on high-tech security systems, homeland security, and many specialty areas
* Brings together the expertise of more than 40 security and crime prevention experts
* Each chapter provides a wealth of practical information that can be put to use immediately
Customer Reviews:
Essential Referencing Guide.......1997-09-30
A must for anyone who regularly needs to reference security related material. The Handbook of Loss Prevention and Crime Prevention is a comprehensive manual covering all aspects of Security and I highly recommend it to you.
Book Description
Vulnerability Assessment of Physical Protection Systems will describe the entire vulnerability assessment (VA) process, from the start of planning through final analysis and out brief to senior management. The text will draw heavily on the principles introduced in the authors best-selling Design and Evaluation of Physical Protection Systems and allow readers to apply those principles and conduct a VA that is aligned with system objectives and achievable with existing budget and personnel resources. The book will address the full spectrum of a VA, including negotiating tasks with the customer, project management and planning of the VA, team membership, step-by-step details for performing the VA, data collection and analysis, important notes on how to use the VA to suggest design improvements and generate multiple design options. The text will end with a discussion of how to out brief the results to senior management in order to gain their support and demonstrate the return on investment of their security dollar. Several new tools will be introduced to help readers organize and use the information at their sites and allow them to mix the physical protection system with other risk management measures to reduce risk to an acceptable level at an affordable cost and with the least operational impact.
- Guides the reader through the topic of physical security doing so with a unique, detailed and scientific approach
- Takes the reader from beginning to end and step-by-step through a Vulnerability Assessment
- Over 150 figures and tables to illustrate key concepts
Customer Reviews:
Vulnerability Assessment of Physical Protection Systems - by Mary Lynn Garcia.......2006-07-07
Vulnerability Assessment of Physical Protection Systems is a "must have" for anyone tasked with the protection of assets. What sets this book apart from any other on the market is the systematic way it approaches the issue of vulnerability assessment. Anyone knowledgeable of the subject knows the rigor that must take place to legitimately conduct a vulnerability assessment. It is not a simple process of touring a facility and throwing money and equipment at obvious weaknesses in the system. A systematic approach is needed in which you can actually quantify improvements made. This text provides the tools to do just that.
One of the strengths of this text is the approach it uses in dealing with the problem of vulnerability assessment. The book provides a step by step process in which to conduct such an assessment. The unique feature is the depth of the coverage. The methodology which is introduced and the process involved is state of the art. The process has been used for decades to protect our country's nuclear assets but, as pointed out in the book, the same process can be used to protect any asset. The methodology and approach to assessment are the same whether you are protecting nuclear assets or any other asset that is critical to your business.
This book is a follow up to my favorite security book, Design and Evaluation of Physical Protection Systems, which was published in 2001. I have been using that text in my classes continuously since it was published and have been very pleased. Students enjoy it and really learn something from it. This new book by Mary Lynn Garcia tackles the specific issues of conducting a vulnerability assessment and issues touched on in the early book, but not at the same level. As such, this text is an excellent follow up that adds some much needed detail to this process. This book builds on the earlier book. The methodology used is the same and a reader of the earlier book will appreciate how both books complement each other.
Another key strength to this book which sets it apart from all others in the field is the approach it takes to actually test the effectiveness of a physical security system. A major plus is how the author tackles both qualitative and quantitative approaches to test the effectiveness of the system. The key is testing. The author presents the methodology in a clearly understandable fashion and provides detailed explanations of all formulas and charts used. This is a very user friendly book, but one that has great depth.
I honestly feel this book will become an instant classic. It will become the benchmark by which other security books will be measured. It just takes the discipline of security to a new level and is an important addition to the libraries of anyone tasked with security.
Dr. Dennis Giever
Professor and Chair
Department of Criminology
Indiana University of Pennsylvania
VULNERABILITY ASSESSMENT OF PHYSICAL PROTECTION SYSTEMS.......2006-05-30
The success of Design and Evaluation of Physical Protection Systems in 2001 by Mary Lynn Garcia as determined by the international security profession has induced a second book of equal statute from the author. This follow-up book Vulnerability Assessment of Physical Protection Systems provides an extension and amplification of the process of protection of assets for critical infrastructure. The security of assets whether they be financial, commercial, or national require physical protection systems that are comprehensive, robust and reliable. This 2006 publication provides the principles and concepts necessary to develop a comprehensive physical security system that is both robust and reliable. Mary Lynn Garcia has extended the approaches presented in the design and evaluation book to provide the reader with a detailed process of vulnerability assessment for the protection of assets. Again, a well-balanced account of theory and application of vulnerability assessment has been presented with a scientific methods approach.
A feature of the text is the step-by-step details for conducting the vulnerability assessment of a physical protection system applied to facilities and infrastructure. The process commences with data gathering, through an analysis phase, improvement in design, and finally concludes with the reporting process to principals in the organisation. Mary Lynn Garcia is to be commended for the structure and rigour of the presentation, with comprehensive description and discussion of the process of assets protection and assessment. There is no comparable book to Vulnerability Assessment of Physical Protection Systems on the international market and as such is at the leading edge of advanced security related texts for the serious consideration of asset protection.
I was personally pleased to see the section on analysis of the vulnerability assessment process in terms of both qualitative and quantitative analyses where the final decision on the quality of the effectiveness of the security can be assessed according to a recognised process. The analyses component certainly adds weight to the outcomes of the vulnerability assessment. A most useful set of appendices on threat and facility worksheets, data collection sheets, and penetration times and representative delays enhance the publication and offer additional significance of the book to security profession. Again, this book will be most valuable for a range of academic, managerial, and practitioner security professionals who have responsibility for the protection of assets in financial, commercial and national infrastructure facilities.
Dr Clifton Smith
Associate Professor, Security Science
School of Engineering & Mathematics
Edith Cowan University
Perth, Western Australia
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