- Michael R. Greenberg
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Risk analysis originated in safety and systems engineering and following the events at the Three Mile Island nuclear facilities in the United States developed into an interdisciplinary approach to better understand and manage hazards. It has been applied to many human and ecological health issues, such as air borne spread of biological agents, destruction of the United States chemical weapons stockpile, cyber attacks, facility safety, food contamination, hazardous waste management, medical decision-making, nuclear power and waste management, and natural hazards such as earthquakes, floods, and tornadoes. Several of the ideas and models can be extended to economic, social, and even political risk.
Risk analysis is divided into risk assessment and risk management, although feedback loops exist among the stages. To provide continuity to this entry, the author uses the example of a terrorist planning to kill bus riders.
Risk assessors try ...
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- Bedford, T, Cooke, R (2001) Probabilistic risk analysis: foundations and methods. Cambridge University Press, Cambridge, UK
- Chankong, V, Haimes, Y (2008) Multiobjective decision making: theory and methodology. Dover, New York
- Interim report on methodological improvements to the Department of Homeland Security’s biological agent risk analysis. National Academy, Washington, DC
- Cox, LA (2009) Improving risk-based decision-making for terrorism applications. Risk Anal 29: pp. 336-341
- Dillon, R, Liebe, R, Bestafka, T (2009) Risk-based decision-making for terrorism applications. Risk Anal 29: pp. 321-335
- Edwards, W, Miles, R, Winterfeldt, D (2007) Advances in Decision Analysis. Cambridge University Press, Cambridge, UK
- Garrick, BJ (1984) Recent case studies and advances in probabilistic risk assessments. Risk Anal 4: pp. 262-279
- Greenberg, M, Lahr, M, Mantell, N, Felder, N (2007) Understanding the economic costs and benefits of catastrophes and their aftermath: a review and suggestions for the as-federal government. Risk Anal 27: pp. 83-96
- Heinz Center for Science, Economics and the Environment (2000) The hidden costs of coastal hazards: implications for risk assessment and mitigation. Island Press, Washington, DC
- Hora, S Eliciting probabilities from experts. In: Edwards, W, Miles, R, Winterfeldt, D eds. (2007) Advances in decision analysis. Cambridge University Press, Cambridge, UK, pp. 129-153
- Kaplan, S, Garrick, BJ (1981) On the quantitative definition of risk. Risk Anal 1: pp. 11-27
- Modarres, M, Kaminskiy, M, Krivtsov, V (2010) Reliability Engineering and Risk Analysis. Taylor & Francis Group, Boca Raton, Florida, FL
- Singpurwalla, N (2006) Reliability and risk. Wiley, New Jersey
- Skidmore, M, Toya, H (2002) Do natural disasters promote long-run growth?. Economic Inquiry 40: pp. 664-687
- Zinn, J (2009) Social Theories of Risk and Uncertainty: An Introduction. Blackwell, Oxford, UK
- Risk Analysis
- Reference Work Title
- International Encyclopedia of Statistical Science
- pp 1237-1240
- Print ISBN
- Online ISBN
- Springer Berlin Heidelberg
- Copyright Holder
- Springer-Verlag Berlin Heidelberg
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