Article ID Journal Published Year Pages File Type
808402 Reliability Engineering & System Safety 2007 10 Pages PDF
Abstract

Recently, we have seen several attempts to establish adequate risk and vulnerability analyses tools and related management frameworks dealing not only with accidental events but also security problems. These attempts have been based on different analysis approaches and using alternative building blocks. In this paper, we discuss some of these and show how a unified framework for such analyses and management tasks can be developed. The framework is based on the use of probability as a measure of uncertainty, as seen through the eyes of the assessor, and define risk as the combination of possible consequences and related uncertainties. Risk and vulnerability characterizations are introduced incorporating ideas both from vulnerability analyses literature as well as from the risk classification scheme introduced by Renn and Klinke.

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