Risk Management and Decision Rules for Light Water Reactors

J. Michael Griesmeyer and David Okrent

Risk Analysis, 1981, vol. 1, issue 2, 121-136

Abstract: A quantitative approach to risk management for accidents in light water nuclear power reactors is proposed to serve as one focus for discussion. In this proposal risk management is divided into two major tasks: the predominantly social and political task of setting the safety goals and the technical task of estimating the risks and deciding whether the safety goals have been met. The proposed safety goals include limits on the following: risk to the individual of early death or delayed cancer death; overall societal risk of early or delayed death; and the frequency of core melt accidents as well as the frequency of containment failure, given a core melt. Also included are a small element of risk aversion and an “as low as reasonably achievable” (ALARA) approach with a cost‐effectviness criterion which includes both economic and health effects.

Date: 1981
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https://doi.org/10.1111/j.1539-6924.1981.tb01407.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:riskan:v:1:y:1981:i:2:p:121-136

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