Sentence examples similar to likelihood consequence from inspiring English sources

Rapid risk ranking methods are commonly used to evaluate the risks of simple likelihood-consequence pairs and are straightforward in application.

These root causes are combined into seven overall CubeSat mission risks which are then graphed on the industry-standard 5×5 Likelihood-Consequence (L-C) chart to help mission designers quickly identify areas of concern within their mission.

Risk is defined as the product of the likelihood and consequence of an outcome.

The recommendations cover a range of issues, among them: the relation between coloring the risk matrix and the definition of risk and major hazard aversion; the qualitative, subjective assessment of likelihood and consequence; the scaling of the discrete likelihood and consequence categories; and the use of corporate risk matrix standards.

Since risk is a product of likelihood and consequence, this implies reduction of the likelihood, the consequence, or both.

Ordinal rating related to context Rates threats for likelihood and consequence on ordinal scale, scores threat severity as rated likelihood x rated consequence, relates severity to society's laws and norms.

A general trend was observed of enhanced explosion likelihood and consequence severity with a decrease in material diameter, as well as enhanced consequence severity with admixture of a flammable gas to the combustion atmosphere.

Qualitative rating Rates threats for likelihood & consequence as low, medium or high, and portrays threat significance as combination of likelihood and consequence.

Risk equals likelihood times consequence.

Risk can be described as a combination of likelihood and consequence.

Probabilistic techniques were used to assess likelihood and consequence, and hence the risk to aquatic biota from salinity.