Chapter 17
Cost-Benefit Analysis for Low-Probability, High-Impact Risks
Tutorials and Examples
L. Talarico1, G. Reniers1,2,3, and N. Paltrinieri4,5 1University of Antwerp, Antwerp, Belgium 2KU Leuven, Brussels, Belgium 3Delft University of Technology, Delft, The Netherlands 4Norwegian University of Science and Technology (NTNU), Trondheim, Norway 5SINTEF Technology and Society, Trondheim, Norway
Abstract
This chapter is intended to address cost-benefit analysis of safety investments aimed at controlling low-probability, high-impact accidents. Such events are characterized by high uncertainty owing to relative lack of data, and challenges may be encountered in the calculation of the related economic measures. For this reason, the ...
Get Dynamic Risk Analysis in the Chemical and Petroleum Industry now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
