2000
DOI: 10.1002/1528-2716(200004/06)2:2<254::aid-pse30>3.0.co;2-k
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Acceptable risk criteria

Abstract: This article reviews work relevant to the identification and use of acceptable risk criteria for risk-based decision-making in engineering, particularly in relation to engineering safety standards. The article includes a brief outline of some relevant work in the fields of psychology, sociology and statistical decision theory, and it traces the development of quantitative risk acceptance criteria for engineering risk management and regulation. Work on quantitative methods to evaluate the acceptability of engin… Show more

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Cited by 27 publications
(12 citation statements)
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“…A quantitative safety goal should be interpreted with some flexibility, as the quantitative safety goal is a 'goal' only and other nonprobabilistic criteria are also important in judging the overall acceptability of risks (for more details, see Stewart and Melchers 1997, Reid 2000, Melchers 2001). …”
Section: Costs Spent On Risk Reduction Per Life Savedsupporting
confidence: 85%
See 1 more Smart Citation
“…A quantitative safety goal should be interpreted with some flexibility, as the quantitative safety goal is a 'goal' only and other nonprobabilistic criteria are also important in judging the overall acceptability of risks (for more details, see Stewart and Melchers 1997, Reid 2000, Melchers 2001). …”
Section: Costs Spent On Risk Reduction Per Life Savedsupporting
confidence: 85%
“…The global quantitative safety goals suggested by Pate´-Cornell (1994), Reid (2000) and others are in general agreement with those shown above. There is public aversion to risks associated with multiple casualties and catastrophic events, hence safety goals for societal risks may be represented in terms of an F-N curve, which is a plot of cumulative frequency (F) of N or more fatalities versus number of fatalities (N).…”
Section: Mg Stewartmentioning
confidence: 99%
“…However, a regulatory safety goal such as this should be interpreted with some flexibility as the regulatory safety goal is a 'goal' only and other non-quantifiable criteria may be important also in judging the overall acceptability of risks (eg. Stewart and Melchers 1997;Reid 2000;Melchers 2001). Past experience shows that it is likely that decisions may be made (or over-ruled) on political, psychological, social, cultural, economic, security or other non-quantifiable grounds.…”
Section: And Hardened Cockpit Doors and Federal Air Marshal Servicementioning
confidence: 99%
“…Society accepts that some buildings will fail during catastrophic events. It is estimated that accepted risks of death are 0.14 ϫ 10 -6 and 4 ϫ 10 -6 per annum for structural building failures and building fires, respectively (Reid 2000). Also, societal toleration of individual events affecting many people is much lower than the toleration of an equal number of individual fatalities, e.g., acceptable risks of death 2 ϫ 10 -6 and 300 ϫ 10 -6 per annum from earthquakes and road accidents, respectively.…”
Section: Probable Future Of Timber Constructionmentioning
confidence: 99%