Single Loss Expectancy is a term related to Risk Management and Risk Assessment. It can be defined as the monetary value expected from the occurrence of a risk on an asset.
It is mathematically expressed as:
Where the Exposure Factor is represented in the impact of the risk over the asset, or percentage of asset lost. As an example, if the Asset Value is reduced two thirds, the exposure factor value is .66. If the asset is completely lost, the Exposure Factor is 1.0. The result is a monetary value in the same unit as the Single Loss Expectancy is expressed (euros, dollars, yens, etc.): Exposure Factor is the subjective, potential percentage of loss to a specific asset if a specific threat is realized. The exposure factor (EF) is a subjective value that the person assessing risk must define.
Read more about Single Loss Expectancy: See Also
Famous quotes containing the words single, loss and/or expectancy:
“I don’t like your miserable lonely single “front name.” It is so limited, so meagre; it has no versatility; it is weighted down with the sense of responsibility; it is worn threadbare with much use; it is as bad as having only one jacket and one hat; it is like having only one relation, one blood relation, in the world. Never set a child afloat on the flat sea of life with only one sail to catch the wind.”
—D.H. (David Herbert)
“Begin with loss and see
how the world contradicts you,
how the horizon implies that beyond it
the water is not empty
but full of ships
all docking at another island.”
—Lynn Emanuel (b. 1949)
“If I had my life over again I should form the habit of nightly composing myself to thoughts of death. I would practise, as it were, the remembrance of death. There is no other practice which so intensifies life. Death, when it approaches, ought not to take one by surprise. It should be part of the full expectancy of life. Without an ever- present sense of death life is insipid. You might as well live on the whites of eggs.”
—Muriel Spark (b. 1918)