Quantitative Risk Assessment by Terje Aven

Quantitative Risk Assessment by Terje Aven

Quantitative risk assessments cannot eliminate risk, nor can they resolve trade-offs. They can, however, guide principled risk management and reduction - if the quality of assessment is high and decision makers understand how to use it. This book builds a unifying scientific framework for discussing and evaluating the quality of risk assessments and whether they are fit for purpose. Uncertainty is a central topic. In practice, uncertainties about inputs are rarely reflected in assessments, with the result that many safety measures are considered unjustified. Other topics include the meaning of a probability, the use of probability models, the use of Bayesian ideas and techniques, and the use of risk assessment in a practical decision-making context. Written for professionals, as well as graduate students and researchers, the book assumes basic probability, statistics and risk assessment methods. Examples make concepts concrete, and three extended case studies show the scientific framework in action.

'… a timely topic, and a very interesting book … It is very detailed and academically rigorous …' Charles KDavis, Reviews.com
'The book provides a scientific framework apt to evaluate the quality of risk assessments and in particular their flexibility to specifically required purposes … The book gives useful tools for graduate students and researchers as well for professionals.' Zentralblatt MATH

Terje Aven is Professor in Risk Analysis and Risk Management at the University of Stavanger, Norway, and a Principal Researcher at the International Research Institute of Stavanger (IRIS).

SKU	Unavailable
ISBN 13	9780521760577
ISBN 10	0521760577
Title	Quantitative Risk Assessment
Author	Terje Aven
Condition	Unavailable
Binding Type	Hardback
Publisher	Cambridge University Press
Year published	2011-03-03
Number of pages	224
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.