Risk, Reliability and Societal Safety contains papers presented at the 16th European Safety and Reliability Conference (ESREL 2007) in Stavanger, Norway, June 2007. Topics covered include: risk and reliability analysis methods; maintenance optimisation, and risk management. Special focus has been placed on societal safety issues, such as vulnerability analysis of critical infrastructures, risk perception, communication and governance. The application areas range from oil and gas, nuclear engineering and civil engineering to information technology and communication, security,...
Risk, Reliability and Societal Safety contains papers presented at the 16th European Safety and Reliability Conference (ESREL 2007) in Sta...
Everyday we face decisions that carry an element of risk and uncertainty. The ability to analyze, predict, and prepare for the level of risk entailed by these decisions is, therefore, one of the most constant and vital skills needed for analysts, scientists and managers.
Risk analysis can be defined as a systematic use of information to identify hazards, threats and opportunities, as well as their causes and consequences, and then express risk. In order to successfully develop such a systematic use of information, those analyzing the risk need to understand the fundamental concepts of risk...
Everyday we face decisions that carry an element of risk and uncertainty. The ability to analyze, predict, and prepare for the level of risk entailed ...
Quantitative risk assessments cannot eliminate risk, nor can they resolve tradeoffs. They can, however, guide principled risk management and reduction if the quality of assessment is high and decision makers understand how to use it. This book builds a unifying scientific framework for discussing and evaluating the quality of risk assessments and whether they are fit for purpose. Uncertainty is a central topic. In practice, uncertainties about inputs are rarely reflected in assessments, with the result that many safety measures are considered unjustified. Other topics include the meaning of a...
Quantitative risk assessments cannot eliminate risk, nor can they resolve tradeoffs. They can, however, guide principled risk management and reduction...
