Overall strategy for risk evaluation and priority setting of risk regulations

Per Hokstad and Trygve Steiro

Reliability Engineering and System Safety, 2006, vol. 91, issue 1, 100-111

Abstract: This paper presents the framework of an approach to support planning and priority setting for risk control. Such an approach could assist government/regulatory authorities in their allocation of resources among different sectors. The term risk will here be used in a very wide sense, and it will include, but not restrict to, the traditional HES (Health, Environment and Safety) concept. An overall classification of risk (‘loss categories’), to be used across sectors and directorates is suggested. The risk evaluation includes a number of factors not accounted for in a standard risk assessment, but should be taken into account when authorities set priorities regarding risk control. Sociological, psychological and ethical perspectives are included, and the need for a discourse during the decision process is pinpointed. The paper also discusses the potential inclusion of cost benefit analyses in such an approach. The indicated approach is denoted Risk Across Sectors (RAS), and suggestions regarding the process to implement it are given. Such an implementation process will by itself increase the knowledge and competence of the involved parties.

Keywords: Risk control; Discourse; Risk across sectors; RAS; Health; Environment; Safety; HES; Ethics; Regulations; Vulnerability (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reensy:v:91:y:2006:i:1:p:100-111

DOI: 10.1016/j.ress.2004.11.014

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