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Risk Analysis: Understanding “How Safe is Safe Enough?“

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  • Stephen L. Derby
  • Ralph L. Keeney

Abstract

The basic characteristics of determining acceptable risk are discussed. Technical, political, and social aspects of the problem add much complexity. The appropriate manner to reach responsible decisions regarding acceptable risk is suggested. This explicitly addresses the alternatives, the objectives, the uncertainty, and the values which constitute the information necessary to arrive at any solution. The inappropriateness of many “solutions” currently in use or “suggested” is exposed.

Suggested Citation

  • Stephen L. Derby & Ralph L. Keeney, 1981. "Risk Analysis: Understanding “How Safe is Safe Enough?“," Risk Analysis, John Wiley & Sons, vol. 1(3), pages 217-224, September.
    • Handle: RePEc:wly:riskan:v:1:y:1981:i:3:p:217-224
    DOI: 10.1111/j.1539-6924.1981.tb01418.x
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    Cited by:

    1. Pearson, R.J. & Costley, A.E. & Phaal, R. & Nuttall, W.J., 2020. "Technology Roadmapping for mission-led agile hardware development: a case study of a commercial fusion energy start-up," Technological Forecasting and Social Change, Elsevier, vol. 158(C).
    2. George M. Gray & Jon C. Allen & David E. Burmaster & Stuart H. Gage & James K. Hammitt & Stanley Kaplan & Ralph L. Keeney & Joseph G. Morse & D. Warner North & Jan P. Nyrop & Alina Stahevitch & Richar, 1998. "Principles for Conduct of Pest Risk Analyses: Report of an Expert Work hop," Risk Analysis, John Wiley & Sons, vol. 18(6), pages 773-780, December.

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