Risk management issues, including risk management in financial applications risk management in energy: deregulated electricity market (pricing of units, uncertain demands, failures, network flow problems, impact of weather on electricity consumption) controlling nuclear risks risk management and resource allocation in military applications medical applications (balancing of risks: hospital-insurance company) risk management in agriculture (uncertain weather conditions, hedging risks with futures contracts) environmental applications (pollution, natural disasters) and financial engineering applications such as analysis of risk measures such as Value-at-Risk and Conditional Value-at-Risk credit risk insurance pricing and resource allocation hedging using optimization approaches portfolio optimization pricing of derivative instruments trading algorithms.