Describing Risks
We know that the size of a Risk can be expressed as a relationship between Frequency of adverse Consequences (how many of a given Value per year) and the Consequence Value of them at that Frequency ($ per case), as…
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We know that the size of a Risk can be expressed as a relationship between Frequency of adverse Consequences (how many of a given Value per year) and the Consequence Value of them at that Frequency ($ per case), as…
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It is not too uncommon for information to be given by the press (and hence not very reliable) from which spot probability estimates may be made about things that go wrong. One area in which this some times occurs is…
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Table 4.2 shows the Risk estimation calculation from Figure 4.4. Unfortunately, in the process of figure production the location of the string of hypothetical data points on the figure moved and this was not noticed during the reads of the draft…
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