Introduction to Engineering Risk Analysis

Louis Anthony Cox ()
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Louis Anthony Cox: Cox Associates

Chapter Chapter 2 in Risk Analysis of Complex and Uncertain Systems, 2009, pp 35-72 from Springer

Abstract: Can contemporary organizations and societies design, build, and operate complex engineering systems safely and reliably for long periods? Being able to do so is crucial if nuclear power is to be a viable option, if infrastructure such as advanced transportation systems and energy distribution networks is to be trustworthy, if minerals and petroleum are to be discovered and extracted safely, and if hazardous manufacturing and chemical storage facilities are to be located in convenient proximity to transportation hubs and population centers. This chapter, which is an update and extension of Bier and Cox (2007), discusses methods for quantifying the extent to which complex engineering systems can be designed and operated safely.

Keywords: Indifference Curve; Bayesian Model Average; Bayesian Model Average; Coherent Risk Measure; Probabilistic Risk Assessment (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-0-387-89014-2_2

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DOI: 10.1007/978-0-387-89014-2_2

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