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Quantitative Risk Assessment
The Scientific Platform

  • Author: Terje Aven, Universitet i Stavanger, Norway
  • Date Published: March 2011
  • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • format: Adobe eBook Reader
  • isbn: 9781139036894

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  • Quantitative risk assessments cannot eliminate risk, nor can they resolve trade-offs. 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 probability, the use of probability models, the use of Bayesian ideas and techniques, and the use of risk assessment in a practical decision-making context. Written for professionals, as well as graduate students and researchers, the book assumes basic probability, statistics and risk assessment methods. Examples make concepts concrete, and three extended case studies show the scientific framework in action.

    • A new and original approach to the analysis and discussion of QRA and science
    • An accessible and concise exposition from one of the most active researchers in the risk field
    • Examples included in the text illustrate the different types of risk assessment
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    Reviews & endorsements

    '… a timely topic, and a very interesting book … It is very detailed and academically rigorous …' Charles K. Davis, Reviews.com

    'The book provides a scientific framework apt to evaluate the quality of risk assessments and in particular their flexibility to specifically required purposes … The book gives useful tools for graduate students and researchers as well for professionals.' Zentralblatt MATH

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    Product details

    • Date Published: March 2011
    • format: Adobe eBook Reader
    • isbn: 9781139036894
    • contains: 35 b/w illus.
    • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • Table of Contents

    Preface
    1. Introduction to risk management and risk assessments. Challenges
    2. Concepts and perspectives on risk
    3. Science and scientific requirements
    4. Introduction to case studies
    5. Risk assessment when the objective is accurate risk estimation
    6. Risk assessment when the objective is uncertainty descriptions
    7. Risk management and communication issues
    8. Towards a holistic approach to risk assessments
    9. Conclusions
    Appendix A. Introduction to probability theory and statistical analysis
    Appendix B. Terminology
    References
    Index.

  • Instructors have used or reviewed this title for the following courses

    • Graduate Seminar ll
  • Author

    Terje Aven, Universitet i Stavanger, Norway
    Terje Aven is Professor in Risk Analysis and Risk Management at the University of Stavanger, Norway, and a Principal Researcher at the International Research Institute of Stavanger (IRIS).

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