Selecting a risk-based tool to aid in decision making
Selecting a risk-based tool to aid in decision making is as much of a challenge as properly using the tool once it has been selected. Failure to consider customer and stakeholder requirements and the technical bases and differences in risk-based decision making tools will produce confounding and/or politically unacceptable results when the tool is used. Selecting a risk-based decisionmaking tool must therefore be undertaken with the same, if not greater, rigor than the use of the tool once it is selected. This paper presents a process for selecting a risk-based tool appropriate to a set of prioritization or resource allocation tasks, discusses the results of applying the process to four risk-based decision-making tools, and identifies the ``musts`` for successful selection and implementation of a risk-based tool to aid in decision making.
- Research Organization:
- Sandia National Lab. (SNL-NM), Albuquerque, NM (United States)
- Sponsoring Organization:
- USDOE, Washington, DC (United States)
- DOE Contract Number:
- AC04-94AL85000
- OSTI ID:
- 86308
- Report Number(s):
- SAND-95-0328C; CONF-950740-68; ON: DE95007737
- Resource Relation:
- Conference: Joint American Society of Mechanical Engineers (ASME)/Japan Society of Mechanical Engineers (JSME) pressure vessels and piping conference, Honolulu, HI (United States), 23-27 Jul 1995; Other Information: PBD: [1995]
- Country of Publication:
- United States
- Language:
- English
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