“…Perhaps, it is generally accepted that bus transit improves road safety since it is expected to reduce vehicular traffic (e.g., Albertsson and Falkmer, 2005;Cafisio et al, 2013). Bus safety research mainly deals with studies on: i) descriptive statistics on the occurrences of bus crashes and associate severities (e.g., Evans and Courtney, 1985;Jovanis et al, 1991;Zeeger et al, 1994) and ii) multivariable prediction models that shed light on the effects of different safety factors (determinants, or attributes, or variables) on the frequency (e.g., Cheung et al, 2008;Strathman et al, 2010;Quintero et al, 2013;Goh et al, 2014) and the severity of the bus crashes (e.g., Kaplan and Prato, 2012;Prato and Kaplan, 2014). In addition, the literature is quite rich on risk assessment methods in several fields such as chemical, economic and financial, engineering, industrial, medical (e.g., Fine, 1971;CCPS, 1995;Andrews andMoss (2002) ISO 39001, 2009;Mullai, 2006).…”