Decision making for group risk reduction: dealing with epistemic uncertainty.

@article{Bedford2013DecisionMF,
  title={Decision making for group risk reduction: dealing with epistemic uncertainty.},
  author={Tim Bedford},
  journal={Risk analysis : an official publication of the Society for Risk Analysis},
  year={2013},
  volume={33 10},
  pages={1884-98}
}
Group risk is usually represented by FN curves showing the frequency of different accident sizes for a given activity. Many governments regulate group risk through FN criterion lines, which define the tolerable location of an FN curve. However, to compare different risk reduction alternatives, one must be able to rank FN curves. The two main problems in doing this are that the FN curve contains multiple frequencies, and that there are usually large epistemic uncertainties about the curve. Since… CONTINUE READING
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