The Need for Risk Benefit Analysis

Comments on Bohnenblust’s paper “ Risk based decision making in the transportation sector”
  • Robert Runcie
Part of the Technology, Risk, and Society book series (RISKGOSO, volume 12)


“Risk can be managed, minimised, shared, transferred or accepted. It cannot be ignored”. (Sir Michael Latham). The process of risk based decision making is a logical process which is challenged through the not so logical behaviour of people. Technical analysis is often controversial with poor confidence limits on data. However, assuming good quality quantitative data is used then formal analysis aids the logical decision making process. Sight must not be lost, though, of the public values and how that assessment is input to the process, without which acceptance criteria cannot be defined and therefore achieved.


Risk Assessment Acceptance Criterion Transportation Sector Hazard Identification Logical Behaviour 
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.


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Copyright information

© Springer Science+Business Media New York 1998

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  • Robert Runcie

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