A DESCRIPTIVE MODEL OF RISK MANAGEMENT
The risk literature has generally failed to draw a clear distinction between risk analysis (identification, quantification, perception of risks) and risk management. One of the major differences is that risk analysis deals with hypothetical risks and often assumes a single decision maker, while risk management concerns regulatory activities where negotiations amongst several actors determine the kind, magnitude and distribution of the real risks to which society is actually exposed. Although risk analysis can be an input to the regulatory process, there are several factors, not amenable to analysis, which influence regulations. These factors, which account for the differences between risk analysis and risk management are discussed and illustrative examples given.
Bibliographic Reference: CONFERENCE ON THE MANAGEMENT AND REGULATION OF TECHNOLOGICAL RISKS, UNIVERSITY OF MANCHESTER (UK), JUNE 26-28, 1984 WRITE TO CEC LUXEMBOURG, DG XIII/A2, POB 1907 MENTIONING PAPER E 31571 ORA
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Record Number: 1989123028500 / Last updated on: 1987-01-01
Available languages: en