Institute for Risk and Uncertainty

Description

The Liverpool Institute for Risk and Uncertainty (the “Risk Institute”) is a well-known international centre for research and training in methods and tools to manage risks and uncertainties that are inherent in almost all fields of endeavour. It brings together a unique concentration of expertise from various faculties, including engineering, physical and life sciences, management, and social sciences. The Risk Institute's research focuses on developing methods and tools for the coherent quantification and management of risks and uncertainties that arise in complex environments and natural and constructed systems. The core staff of the Risk Institute have authored hundreds of scholarly papers generating over 27,000 citations collectively.

As a unique national centre of excellence in risk and uncertainty research, the Risk Institute hosts the only centre for doctoral training in the UK that is focused on risk and uncertainty. Currently, over sixty PhD researchers are working on research projects in partnership with various industries. This research is primarily funded by EPSRC and ESRC, as well as various other national laboratories, industrial firms, governmental agencies, and NGOs. The Risk Institute provides cutting-edge methods to quantify, mitigate, and manage risks and uncertainties, aiming to help people and organisations create a safer, more secure, and more efficient world.

The Risk Institute recognises that natural and engineered systems can exhibit extreme or unfavourable states, which can lead to injury or death, financial loss, or just suboptimal performance. Anticipating and preventing such outcomes requires an understanding of how they arise, given fluctuations in environmental conditions, actions by adversaries, imperfect or limited measurements, and incomplete scientific understanding of the underlying physical processes. Therefore, the Risk Institute develops methods to assess and forecast risks and to make optimal decisions in the face of uncertainty. Its research spans many disciplines within engineering, as well as the physical sciences, mathematics and computer science, medicine and the life sciences, economics and finance, and even psychology and other social sciences.

The Institute for Risk and Uncertainty is a component of the Faculty of Science and Engineering at the University of Liverpool. Established in 1881, the university has a reputation for outstanding research in computer science, general engineering, chemistry, architecture, clinical medicine, among other fields. The Institute for Risk and Uncertainty is the only centre of its kind in the university.

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University of Liverpool
Liverpool