I work in risk management (business) where we use Monte Carlo to evaluate and prioritise risk and associated mitigation strategies such as control procedures and insurance. A couple of short articles explaining how to use Monte Carlo in this way are attached.
Article Prioritizing risks for the future using Monte Carlo simulati...
Article Monte Carlo or bust: a risk model using Monte Carlo simulati...
Please go to http://scholar.google.com and type in the academic search engine "Sports Risk Management" to review the best published papers in Sports Risk Management in the last five years. Such a review will help you decide in which niche you can focus on for your research.
Oday Ghanem , one of the great values of books like that recommended by Pieter van de Griend is to look up the references used for the book material to get into the original research. Those references will in turn have previous references. That is what a lot of research is all about, before any new experiments are designed.
Thanks Steven Cooke for supporting my recommendation of Kluppelberg et.al. I must admit at having been a bit too fast and enthusiastic in my response.
Having reread the additional information provided by Oday Ghanem, I was left wondering what could constitute "sports risk management"? My answer relates to research on risk management in general. It does not relate to which elements of sport the risk have to pertain - as Sitara Karim and Ako Doffou suggested by their Google search, or specific risk-related Covid pandemic aspects as Ilan Kelman proposed.
Sports is a domain that stretches from televised theatre to world championships at the Olympics, individual performance and beyond. The goals pursued by all participants will have a strategy along objectives which are fundamentally different in any of the three mentioned cases. My question to Oday Ghanem would be whether some more detail could be provided as to what kind of "sports management" is meant?
Pieter van de Griend , the sources of the most relevant references may vary, but my main point in the 'recommendation' is that real research is learning how to follow those citation threads. Collecting a few previous articles on a topic is a start, but if one depends on others to do all of the referencing, some important points may be overlooked.
It depends in which area you are: Academia? Private Sector-Industry? Local or National Government? Community? And what are you working on : hazards? vulnerability? risk? and so on.
I work at the strategic level of risk assessment based on ISO 31000. I assess risks in terms of threats, opportunities, abilities and vulnerabilities. For risk analysis, not only the risk rating and marginal risk levels are important. Based on the analysis and model building (regression analysis, decision trees, Bayesian networks), it is important to identify key predictors (from among abilities, vulnerabilities, opportunities) for the most important threats. We work with data in SPSS and R.
Korystin Oleksandr ISO31K defines risk as 'the effect of uncertainty on objectives'. Hence, when it comes to sports, the ISO31K approach would require identification of objectives of the sports-domain. As I argued above, strategically speaking, the target of evaluation will stretch from individual performance objectives to broadcasting company financial objectives. But, lines demarcating such domains are blurred operationally speaking.