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Risk Assessment and Security for Pipelines, Tunnels, and Underground Rail and Transit Operations
book

Risk Assessment and Security for Pipelines, Tunnels, and Underground Rail and Transit Operations

by Anna M. Doro-on
June 2014
Intermediate to advanced content levelIntermediate to advanced
414 pages
14h 2m
English
CRC Press
Content preview from Risk Assessment and Security for Pipelines, Tunnels, and Underground Rail and Transit Operations
Risk Acceptability Analysis225
6.2 Strategic Determination of Risk Acceptability
A number of possible strategies for addressing the questions “How safe is safe
enough?” and “Which risks are acceptable?” have been proposed. ree basic
approaches can be readily identied: e rst is the formal analysis approach.
e principal methods included in this category are cost-benet analysis and
decision analysis. is approach relies heavily on formal logic and optimization
principles. Meanwhile, costbenet analysis involves the analysis of cost eec-
tiveness of risk reduction, while benetcost analysis is involved when risk is a
surrogate for social cost.
e next technique is the comparative analysis approach, which is composed
of three distinc
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Publisher Resources

ISBN: 9781466569324