Risk Characterization and Evaluation

Terje Aven () and Ortwin Renn ()
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Terje Aven: University of Stavanger
Ortwin Renn: University of Stuttgart

Chapter Chapter 7 in Risk Management and Governance, 2010, pp 107-120 from Springer

Abstract: Abstract Risk characterization and evaluation aims at making judgement about risk acceptability and/or tolerability. This step follows after the appraisal stage and is undertaken in order to serve two main purposes: 1.First, to reach a balanced, value-based judgement on the tolerability/acceptability of risk or to perform a trade-off analysis of a set of functional equivalents (of the product, process, or practice under consideration). 2. Second, to initiate (if deemed necessary) a management process and make preliminary suggestions for the most suitable management approach.

Keywords: Risk Governance; Risk Characterization; Risk Appraisal; Third Assessment Report; Good Available Technology (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1007/978-3-642-13926-0_7

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