A historical perspective of risk-informed regulation
In Federal studies, the process of using risk information is described as having two general components: (1) risk assessment - the application of credible scientific principles and statistical methods to develop estimates of the likely effects of natural phenomena and human factors and the characterization of these estimates in a form appropriate for the intended audience (e.g., agency decisionmakers, public); and (2) risk management - the process of weighing policy alternatives and selecting the most appropriate regulatory action, integrating the results of risk assessment with engineering data with social, economic, and political concerns to reach a decision. This paper discusses largely the second component.
- Research Organization:
- American Society of Mechanical Engineers, New York, NY (United States)
- OSTI ID:
- 402011
- Report Number(s):
- NUREG/CP--0152; CONF-9607103--; ON: TI96013645
- Country of Publication:
- United States
- Language:
- English
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