Quantitative Risk Assessment, Public Policy, and Decision-Making
Effective hazard reduction depends to a large degree on informed public related to risks, risk consequences, and risk management practices. Quantitative risk analysis can estimate probabilities of damages considering different variables as well as the costs associated with the damages. In a community, several engineered systems act together interdependently to provide operating functionality. Interdependence among systems is not well understood and thus meaningful measures of system vulnerability are difficult to derive. To minimize the impact of a damaging natural hazard on a community, actions by several levels of decision-makers are necessary. Effective public policies have to consider not only the quantitative analysis of physical systems but also economic consequences for the society, and socio-political rationality. The focus of this paper is on long —term actions taken by the public officials in minimizing the loss of functionality in a community, by combining quantitative analysis with the qualitative aspects of the decision-making reality in the context of public policy.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/isbn/9780784411704
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Supplemental Notes:
- Copyright © 2011 ASCE
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Authors:
- Mujumdar, Vilas
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Conference:
- The ICVRAM 2011 and ISUMA 2011 Conferences: Vulnerability, Uncertainty, and Risk: Analysis, Modeling, and Management
- Location: Hyattsville MD, United States
- Date: 2011-4-11 to 2011-4-13
- Publication Date: 2011
Language
- English
Subject/Index Terms
- TRT Terms: Decision making; Infrastructure; Policy; Public policy; Risk assessment; Risk management
- Subject Areas: Planning and Forecasting;
Filing Info
- Accession Number: 01347379
- Record Type: Publication
- ISBN: 978-0-7844-1170-4
- Files: TRIS, ASCE
- Created Date: Aug 8 2011 2:13PM