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In this paper, we analyze the US Nuclear Regulatory Commission NRCC)'s regulations regarding to the operation of nuclear power plants utilizing a decision model known as cumulative prospect theory (CPT), which permits risk-averse behavior to be modeled in assessing both likelihoods and consequences of a hazardous event.
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The analysis identified that people made judgements about both likelihood and consequences.
The "demobilization and clean-up" stage was identified as posing the greatest perceived risk for FG injury, based on both likelihood and consequence.
It also recommended that GDF Suez undertake a risk assessment of the likelihood and consequences of a fire and the most effective protection for exposed coal surfaces.
I wish that Saul, a retired actuary able to calculate the likelihood and consequences of acts of God, had told me that before I bought the boat.
With this shared knowledge, we can then take collective measures to reduce the likelihood and consequences of spear-phishing.
The hazard identification and the consequence modelling steps, especially the quantification of the likelihood and consequences, have been designed specifically.
In [29], a multi objective probabilistic risk index is proposed to capture the likelihood and consequences of events.
Uncertainty regarding the likelihood and consequences of harmful events has driven many local, regional, and national governments to issue warnings, regulations, and moratoriums on the industry [4],[5].
It emphasizes how essential it is to have a systematic and integrated process for assessing the likelihood and consequences of such risks to maximize the opportunity for their mitigation.
Rating these factors of likelihood and consequences of damage allows a cleaning risk matrix to be proposed for the evaluation of the risk levels implicated by different cleaning methods.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com