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Introduction to Engineering Risk Analysis

  • Louis Anthony CoxJr
Chapter
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 129)

Can contemporary organizations and societies design, build, and operate complex engineering systems safely and reliably for long periods? Being able to do so is crucial if nuclear power is to be a viable option, if infrastructure such as advanced transportation systems and energy distribution networks is to be trustworthy, if minerals and petroleum are to be discovered and extracted safely, and if hazardous manufacturing and chemical storage facilities are to be located in convenient proximity to transportation hubs and population centers. This chapter, which is an update and extension of Bier and Cox (2007), discusses methods for quantifying the extent to which complex engineering systems can be designed and operated safely.

Keywords

Indifference Curve Bayesian Model Average Bayesian Model Average Coherent Risk Measure Probabilistic Risk Assessment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer Science+Business Media, LLC 2009

Authors and Affiliations

  1. 1.Cox AssociatesDenverUSA

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