Risk and Decision Analysis



10, 4 issues

Latest issue

9:2-4 online 15 December 2023

Next issue

10:1 scheduled for March 2024

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From volume 1, 2009

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Aims & Scope

The journal Risk and Decision Analysis (RDA) emphasizes a theoretical and practical interdisciplinary and comprehensive vision of Risk: its definition, its measurements, its analysis, its manifestations and reconcile their contradictions and their differences. RDA considers for publication research papers that contribute to a greater appreciation of risks and uncertainties in their many definitions, their modeling (mathematical or otherwise), their empirical and data analysis, their pricing and their management. Application of risk modeling and decision analysis to general and risk engineering, economic and financial systems, operational and networked systems in industry, in services, in control, regulatory and compliance systems etc. are emphasized. For example, financial market risks, eco-risks and urban systems, insurance, energy, safety and security, healthcare, environment, and related areas are emphasized for the purpose to provide an integrative vision of risks and uncertainty how to confront their manifestations. The intent of RDA is to provide to academic and practitioners, a platform to better integrate and interpret risks and their manifestations in a comprehensive manner. 

RDA's focus is scientific, based on mathematical and systematic approaches to risk (statistics, probability theory, data science), Bayesian statistics and (automatic, machine) learning, stochastic modeling, stochastic and optimal control. At the same time it is “educational”, having set “an educational corner” to introduce and clarify complex risk related issues and problems. These problems include for example issues such as VIX and Fear; Risk and Uncertainty (ambiguity), the risks of “financialization”, environmental and extreme risks, managerial approaches, etc. Empirical analysis and data analytic approaches to assess and support theoretical results based on interesting methodologies is an important element of RDA’s mission.

Editorial Board


Charles S. Tapiero
Department of Finance and
Risk Engineering, New York University, Polytechnic Institute, USA

George Papanicolaou
Department of Mathematics
Stanford University, USA

c/o Mrs Chantal Delabarre

Editorial Assistant

Chantal Delabarre

Editorial Board

Edward Altman
New York University

John Baillieul
Boston University

Stefano Barone
University of Palermo

Sergio Bianchi
University of Cassino

Abel Cadenillas
University of Alberta

Metin Çakanyildirim
University of Texas at Dallas

Robert Cooper
Florida Atlantic University

Michel Crouhy
IXIS Securities

Alexandre Dolgui
IMT Atlantique
Nantes, France

Raphael Douady
LABEX, Université Paris 1 PanthéonSorbonne

Tyrone Duncan
University of Kansas

Dan Galai
The Hebrew University of Jerusalem

Helyette Geman
University of London

Yacov Haimes
University of Virginia

Hyeng Keun Koo
jou University
South Korea

Steven Kou
Columbia University

Jean-Michel Lasry
Université Paris IX-Dauphine

John Liu
The Hong Kong Polytechnic
University, Hong Kong

Jean-Hervé Lorenzi
Cie Financière Edmond de
Rothschild, France

Ely Merzbach
Bar Ilan University

Alexander Melnikov
University of Alberta

Bertrand Munier

Mihai Nadin
University of Texas at Dallas

Shmuel S. Oren
University of California at Berkeley

Bozenna Pasik-Duncan
University of Kansas

Elisabeth Paté-Cornell
Stanford University

Stylianos Perrakis
Concordia University

Jean-Marie Proth
Res Dir

Sumit Sarkar
University of Texas at Dallas

Suresh P. Sethi
University of Texas at Dallas

Ronnie Sircar
Princeton University

Katepalli Raju Sreenivasan

Dan Stefanica
City University of NY

Lorne Switzer
Concordia University

Oren Tapiero
Bank of Israel

Mina Teicher
Bar-Ilan University

Kwok Leung Tsui
City University of Hong Kong
Hong Kong

Pierre Vallois
Université Henri Poincaré Nancy I

Paul Zipkin
Duke University Durham

Author Guidelines


By submitting my article to this journal, I agree to the Author Copyright Agreement, the IOS Press Ethics Policy, and the IOS Press Privacy Policy.

Submission of Manuscripts
Authors are requested to submit their manuscript through the journal’s online submission system. Papers deemed suitable for review will be assigned a handling editor based on a match between the topic of the paper and the expertise of the board (see below).

Board member

Edward Altman
New York University

  • Bankruptcy
  • Credit risk
  • Debt markets
  • John Bailleul
    Boston University

  • Risk-based strategies in dynamic games
  • Risk associated with complex dynamics
  • Failure-tolerant control strategies
  • Metin Çakanyildirim
    University of Texas at Dallas

  • Supply Chain Risk and Information Security
  • Robert Cooper
    Florida Atlantic University

  • Queuing theory
  • Michel Crouhy
    IXIS Securities

    Risk management:
  • Market risk
  • Credit risk and economic capital allocation
  • Credit risk derivatives
  • Credit structured products
  • Raphael Douady
    LABEX, Université Paris 1 Panthéon Sorbonne

    • Stochastic system
    • Credit risk

    Tyrone Duncan
    University of Kansas

  • Stochastic methods
  • Stochastic analysis of risk
  • Stochastic modeling
  • Dan Galai
    The Hebrew University of Jerusalem

  • Risk management in banks and non-banks corporations
  • Credit risk assessment
  • Helyette Geman
    School of Economics, Mathematics and Statistics
    United Kingdom

    Dominique Guegan
    Université Paris 1 Panthéon Sorbonne

    • Risk Measurement and Financial Management

    Yacov Y. Haimes
    University of Virginia

    • Risk Analysis
    • Multi-Objective Programming

    Jean-Michel Lasry
    Université Paris IX-Dauphine

  • Financial risk control
  • Catastrophe risk
  • Capital management
  • Stochastic control
  • Stochastic games and related PDEs
  • John J. Liu
    The Hong Kong Polytechnic University
    Hong Kong

  • Logistics and Maritime Studies
  • Supply Chain Management
  • Efficiency Assessment
  • Insurance and Contingent Opertions
  • Hybrid Diffusion
  • Systems
  • Computational QVI (Quasi-variational-inequalities)
  • Jean-Hervé Lorenzi
    Cie Financière Edmond de Rothschild

  • Système de régulation des risques au niveau des entreprises (banques et assurances) et des organismes de contrôle
  • Ely Merzbach
    Bar Ilan University

  • Probability theory
  • Stochastic processes
  • Stochastic models
  • Martingale theory
  • Point processes
  • Bertrand Munier

  • Industrial risk modeling
  • Operational risk in all kinds of businesses and corporations
  • Agricultural markets risk modeling
  • Risk governance in private and public organizations
  • Decision analysis broadly defined
  • Mihai Nadin
    University of Texas at Dallas

  • Anticipation and Risk
  • Environmental and Social issues
  • Shmuel S. Oren
    University of California at Berkeley

  • Management of energy related risk and the application of financial methods and market mechanisms to energy related decisions: The development of hedging strategies for energy risk and the pricing of energy derivatives and energy contracts
  • The use of real option methods for valuing energy assets and for analyzing investment strategies in the energy sector
  • Design and applications of auctions in energy markets
  • George Papanicolaou
    Stanford University

  • Pricing and analyzing credit derivatives
  • Bozenna Pasik-Duncan
    University of Kansas

  • Stochastic adaptive control  and probability
  • Statistics
  • Stochastic modeling
  • Financial mathematics
  • Insurance
  • System identification
  • Estimation and learning
  • Applications of stochastic theory
  • Adaptive control to actuarial sciences
  • Elisabeth Pate-Cornell
    Stanford University

  • Risk analysis
  • Engineering systems and decision analysis with recent applications to space systems
  • Medical devices and procedures
  • National security problems
  • Stylianos Perrakis
    Concordia University

    • Finance
    • Derivatives
    • Computational Finance

    Olivier P. Pironneau
    Université Paris VI

  • Option pricing
  • Calibration
  • Modelling with partial differential equations
  • Numerical solutions
  • Sumit Sarkar
    University of Texas at Dallas

  • Information systems
  • Operational risks as they arise from the use of information technology
  • Suresh P. Sethi
    University of Texas at Dallas

  • Inventory and supply chain management
  • Ronnie Sircar 
    Princeton University

    • Mathematical Finance
    • Stochastic Theory
    • Environmental Science

    Katepalli Raju Sreenivasan
    President NYU-POLY

    • Physics
    • Stochastic Systems

    Lorne Switzer
    Concordia University

    • Corporate Finance
    • Econometrics

    Charles Tapiero
    Polytechnic University of New York

    • Financial Engineering
    • Risk Analysis

    Pierre Vallois
    Université Henri Poincaré Nancy I

  • Brownian motion
  • Diffusions processes
  • Special processes ( Bessel, Lévy and so on)
  • Random walks
  • Markov chains and related sequences
  • Paul Zipkin
    Duke University

    • Operations research

    Please contact Chantal Delabarre for (editorial) questions and/or remarks. In case you have difficulties to link the topic of your paper to the area(s) of expertise of one of the Editorial Board members, please submit your paper to:
    c/o Chantal Delabarre
    CNES - Centre de Toulouse
    DCE/CP - BPI 2011
    18 Avenue Edouard Belin
    31401 Toulouse cedex 9 -
    Phone: +33 (0)5 61 28 23 16
    Email: rda.delabarre@gmail.com

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    Open Access option
    The IOS Press Open Library offers authors an Open Access (OA) option. By selecting the OA option, the article will be freely available from the moment it is published, also in the pre-press module. In the Open Library the article processing charges are paid in the form of an Open Access Fee. Authors will receive an Open Access Order Form upon acceptance of their article. Open Access is entirely optional.
    See also our website for more information about this option IOS Press Open Library


    Organization of the paper and style of presentation
    Manuscripts must be written in English. Authors whose native language is not English are advised to consult a professional English language editing service or a native English speaker prior to submission.

    Manuscripts should be prepared with wide margins and double spacing throughout, including the abstract, footnotes and references. Every page of the manuscript, including the title page, references, tables, etc., should be numbered. However, in the text no reference should be made to page numbers; if necessary, one may refer to sections. Try to avoid the excessive use of italics and bold face.

    Manuscripts should be organized in the following order:

    • Title page
    • Body of text (divided by subheadings)
    • Acknowledgements
    • References
    • Tables
    • Figure captions
    • Figures

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    • Title (should be clear, descriptive and not too long)
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    • Full affiliation(s)
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    • Abstract; should be clear, descriptive, self-explanatory and not longer than 200 words, it should also be suitable for publication in abstracting services
    • Keywords

    Author contributions
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    Authors are requested to use the Vancouver Citation Style.

    Place citations as numbers in square brackets in the text. All publications cited in the text should be presented in a list of references at the end of the manuscript. List the references in the order in which they appear in the text. Only articles published or accepted for publication should be listed in the reference list. Submitted articles can be listed as (author(s), unpublished data). If an article has a DOI, this should be provided after the page number details. The number is added after the letters 'doi'. Manuscripts will not be considered if they do not conform to the Vancouver citation guidelines.

    References must be listed in Vancouver Style:

    [1] Rose ME, Huerbin MB, Melick J, Marion DW, Palmer AM, Schiding JK, et al. Regulation of interstitial excitatory amino acid concentrations after cortical contusion injury. Brain Res. 2002;935(1-2):40-6.

    [2] Murray PR, Rosenthal KS, Kobayashi GS, Pfaller MA. Medical microbiology. 4th ed. St. Louis: Mosby; 2002.

    [3] Berkow R, Fletcher AJ, editors. The Merck manual of diagnosis and therapy. 16th ed. Rahway (NJ): Merck Research Laboratories; 1992.

    [4] Meltzer PS, Kallioniemi A, Trent JM. Chromosome alterations in human solid tumors. In: Vogelstein B, Kinzler KW, editors. The genetic basis of human cancer. New York: McGrawHill; 2002. p. 93-113.

    [5] Canadian Cancer Society [homepage on the Internet]. Toronto: The Society; 2006 [updated 2006 May 12; cited 2006 Oct 17]. Available from: www.cancer.ca/.

    [6] Tian D, Araki H, Stahl E, Bergelson J, Kreitman M. Signature of balancing selection in Arabidopsis. Proc Natl Acad Sci U S A. In press 2002.

    [7] Fletcher D, Wagstaff CRD. Organisational psychology in elite sport: its emergence, application and future. Psychol Sport Exerc. 2009;10(4):427-34. doi:10.1016/j.psychsport.2009.03.009.


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      Number figures as Fig. 1, Fig. 2, etc and refer to all of them in the text.

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      Colour figures can be included, provided the cost of their reproduction is paid for by the author.

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    Open Access

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    Peer Review

    Risk and Decision Analysis Peer Review Policy

    Risk and Decision Analysis is a peer-reviewed journal. All articles submitted to the journal undergo a single blind peer review process. This means that the identity of the authors is known with the reviewers but the identity of the reviewers is not communicated to the authors. Please visit our reviewer guidelines for further information about how to conduct a review.

    After automatic plagiarism screening through iThenticate, all submitted manuscripts are subjected to initial appraisal by the Editor-in-Chief and, if found suitable for further consideration, to rigorous peer review by independent, anonymous expert referees. Reasons to reject a paper in the pre-screening process could for example be because the work does not fall within the aims and scope, the writing is of poor quality, the instructions to authors were not followed or the presented work is not novel.

    Papers deemed suitable to be reviewed will be assigned a handling editor. The handling editor will then invite reviewers to comment on the work. Typically decisions are based on three reviews, in some circumstances a minimum of two reviews may be deemed sufficient to make a decision on a paper. The Editor-in-Chief strives to ensure a typical turnaround time of 3 months from submission until decision.

    Reviewers are asked to judge a paper on at least:

    • Originality, novelty and significance of results
    • Technical quality of work
    • Comprehensibility and presentation of the paper
    • Overall impression

    Based on the received reviews the handling editor will propose to the Editors-in-Chief a recommendation:

    • Accept
    • Minor revisions required
    • Major revisions required
    • Revise and resubmit
    • Reject

    They mean the following:

    1. Accept: The manuscript is suitable for publication and only requires minor polishing; thus, no further reviews are requested.
    2. Minor revisions required: The authors are required to make moderate changes to their manuscript. The manuscript becomes acceptable for publication if the changes proposed by the reviewers and editors are successfully addressed. The revised manuscript will be examined by the Editors-in-Chief and possibly sent back to all (or a selection of) reviewers for a second round of reviews. Authors are requested to provide a letter to the reviewers detailing the improvements made for the resubmission.
    3. Major revisions required: The manuscript cannot be accepted for publication in its current form. However, a major revision which addresses all issues raised by the reviewers may be acceptable for publication. The revised manuscript will undergo a full second round of review. Authors are requested to provide a letter to the reviewers detailing the improvements made for the resubmission.
    4. Revise and resubmit: In its current form, the manuscript is not suitable for publication. A resubmission would require substantial revisions and is only encouraged in special cases.
    5. Reject: The manuscript is rejected as it is deemed to be out of scope, not relevant, or not meeting the journal’s quality standards in terms of significance, novelty, and/or presentation.

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