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Developing techniques for assessing various risks and calculating probabilities of ruin and survival are exciting topics for mathematically-inclined academics. For practicing actuaries and financial engineers, the resulting insights have provided enormous opportunities but also created serious challenges to overcome, thus facilitating closer cooperation between industries and academic institutions. In this book, several renown researchers with extensive interdisciplinary research experiences share their thoughts that, in one way or another, contribute to the betterment of practice and theory of decision making under uncertainty. Behavioral, cultural, mathematical, and statistical aspects of risk assessment and modelling have been explored, and have been often illustrated using real and simulated data. Topics range from financial and insurance risks to security-type risks, from one-dimensional to multi- and even infinite-dimensional risks.

aggregate discounted claims --- Markovian arrival process --- partial integro-differential equation --- covariance --- multivariate gamma distribution --- multiplicative background risk model --- aggregate risk --- individual risk model --- collective risk model --- risk measure --- cumulative Parisian ruin --- stochastic orders --- surplus process --- renewal process --- discounted aggregate claims --- copulas --- archimedean copulas --- background risk --- systematic risk --- transfer function --- information processing --- order statistic --- concomitant --- ruin probability --- dual risk model --- constant interest rate --- integral equation --- Laplace transform --- numerical approximation --- maximal tail dependence --- clustering --- financial time series --- weighted cuts --- copula --- national culture --- survival analysis --- hazard model --- rating migrations --- advanced measurement approach --- confidence interval --- Monte Carlo --- operational risk --- value-at-risk --- central limit theorem --- insurance --- max-stable random fields --- rate of spatial diversification --- reinsurance --- risk management --- risk theory --- spatial dependence --- spatial risk measures and corresponding axiomatic approach --- n/a

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Airworthiness, as a field, encompasses the technical and non-technical activities required to design, certify, produce, maintain, and safely operate an aircraft throughout its lifespan. The evolving technology, science, and engineering methods and, most importantly, aviation regulation, offer new opportunities and create, new challenges for the aviation industry. This book assembles review and research articles across a variety of topics in the field of airworthiness: aircraft maintenance, safety management, human factors, cost analysis, structures, risk assessment, unmanned aerial vehicles and regulations. This selection of papers informs the industry practitioners and researchers on important issues.

risk perception factors --- risk behaviours --- aviation engineering --- professionals --- trainees --- aircraft system --- reliability --- life cycle cost --- maintenance planning optimization --- reliability centered maintenance --- importance measures --- UAS --- airworthiness --- military --- EASA --- “open” category --- structural health monitoring --- condition-based maintenance --- scheduled maintenance --- cost-benefit analysis --- sensors --- payload --- Cost Per Flying Hour --- parametric model --- Life Cycle Cost --- F-35A --- F-16C/D --- operating and support cost --- aerospace structures --- composites --- impact detection --- structural health monitoring --- guided waves --- safety management system --- human error --- airworthiness --- design organization --- additive manufacturing --- Ti-6Al-4V --- 316L stainless steel --- AerMet100 steel --- crack growth --- NASGRO --- unmanned aircraft systems --- sense and avoid --- unified analytical framework --- ADS-B --- surveillance sensor --- fault tree analysis --- importance measure --- human factors --- communication --- trust --- safety --- aviation maintenance --- error --- aviation maintenance --- borescope inspection --- Bowtie analysis --- maintenance, repair, and overhaul (MRO) --- risk assessment --- risk management --- visual inspection --- aviation --- communication --- trust --- aviation maintenance --- prevention --- human factors --- n/a