Network theory in risk assessment

Network theory in risk assessment refers to the application of network analysis and modeling techniques to understand and evaluate the risks associated with complex systems. This approach is particularly useful in environments where elements are interconnected, and the interactions between them can create cascading effects or emergent risks. Here are some key aspects of network theory in risk assessment: 1. **Understanding Interdependencies**: Network theory allows analysts to visualize and model how different components of a system (e.g.