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18 - Risk measurement and regulation

from Part IV - Uncertainty modeling and risk measurement

Published online by Cambridge University Press:  05 June 2012

Tim Bedford
Affiliation:
Technische Universiteit Delft, The Netherlands
Roger Cooke
Affiliation:
Technische Universiteit Delft, The Netherlands
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Summary

How can we choose a probabilistic risk acceptance criterion, a probabilistic safety goal, or specify how changes of risk baseline should influence other design and operational decisions? Basically, we have to compare risks from different, perhaps very different activities. What quantities should be compared? There is an ocean of literature on this subject. The story begins with the first probabilistic risk analysis, WASH-1400, and books which come quickly to mind are [Shrader-Frechette, 1985], [Maclean, 1986], [Lowrance, 1976] and [Fischhoff et al., 1981]. A few positions, and associated pitfalls, are set forth below. For convenience we restrict attention to one undesirable event, namely death.

Single statistics representing risk

Deaths per million

The most common quantity used to compare risks is ‘deaths per million’. Covello et al. [Covello et al., 1989] give many examples of the use of this statistic. Similar tables are given by the British Health and Safety Executive [HSE, 1987]. The Dutch government's risk policy statement [MVROM, 1989] gives a variation on this method by tabulating the yearly risk of death as ‘one in X’.

Table 18.1 shows a few numbers taken from Table B.1 of [Covello et al., 1989], ‘Annual risk of death in the United States’. By each ‘cause’ the number of deaths per year per million is given.

Type
Chapter
Information
Probabilistic Risk Analysis
Foundations and Methods
, pp. 350 - 372
Publisher: Cambridge University Press
Print publication year: 2001

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  • Risk measurement and regulation
  • Tim Bedford, Technische Universiteit Delft, The Netherlands, Roger Cooke, Technische Universiteit Delft, The Netherlands
  • Book: Probabilistic Risk Analysis
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511813597.019
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  • Risk measurement and regulation
  • Tim Bedford, Technische Universiteit Delft, The Netherlands, Roger Cooke, Technische Universiteit Delft, The Netherlands
  • Book: Probabilistic Risk Analysis
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511813597.019
Available formats
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  • Risk measurement and regulation
  • Tim Bedford, Technische Universiteit Delft, The Netherlands, Roger Cooke, Technische Universiteit Delft, The Netherlands
  • Book: Probabilistic Risk Analysis
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511813597.019
Available formats
×