On the use of probabilistic and deterministic methods in risk analysis
Risks to human beings arise from an inherent characteristic to make plans and to try and make them happen, while external forces resist and tend to move our endeavours away from the plan. Any such endeavour is a complex ensemble of bewildering variety of interacting elements which together form something 'whole' usually called a 'system'. A system has a certain state in the present and subsequent state in the future. This paper concludes that, although both approaches to risk analysis can provide adequate safety levels to systems if applied in a correct and non-biased way, probabilistic methods seems to be more cost-effective and the results easier to communicate to decision and policy makers.
Bibliographic Reference: Article: Journal of loss prevention in the process industries
Record Number: 199911225 / Last updated on: 1999-08-27
Original language: en
Available languages: en