Risk-Informed Decisions

Prabhakar V. Varde () and Michael G. Pecht ()
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Prabhakar V. Varde: Bhabha Atomic Research Centre
Michael G. Pecht: University of Maryland

Chapter Chapter 14 in Risk-Based Engineering, 2018, pp 509-529 from Springer

Abstract: Abstract The traditional approach to decision-making is essentially deterministic in nature where the principles of defense in depth along with conservative rules and criteria form higher-level requirements, while the application of single-failure criteria, redundancy, diversity, and quality assurance elements forms the lower-level requirements (National Aeronautical and Space Administration in NASA Risk-informed decision making handbook, NASA/SP-2010/Ver.1.0. NASA, 2010 [2]). The defense in depth is implemented by incorporating multiple barriers and levels of protection such that the probability of severe consequences can be reduced to a very low or negligible level.

Date: 2018
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DOI: 10.1007/978-981-13-0090-5_14

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