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By Patrick Roberts
Introduction
Bayesian Belief Networks (BBNs) have existed in the academic literature for many years but were of limited practical utility until the emergence of powerful PCs and specialist software such as MSBN and Belief Net. As the name suggests, they provide a method for integrating beliefs and hard facts in a logically consistent manner – a central theme in many areas of risk management. In recent years they have become widely used in operational risk management within the financial services sector and this short article explores the potential for applying BBNs in business continuity management.
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•Date: 18th January 2008• Region:UK/World •Type: Article •Topic: BC general
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