8.1. Introduction to Risk Analysis

Attribution

This chapter reuses content written by Bas Jonkman and Robert Lanzafame. Find out more here.

This book splits risk into two parts: risk introduction and risk evaluation. This chapter in particular introduces the analysis of risks from a broad perspective, beginning with definitions and key steps of a risk analysis, illustrated quantitatively through an FN curve. The next chapter covers risk evaluation concepts decision theory, cost benefit analysis and safety standards, where the principal focus is on making decisions and answering the question ‘how safe is safe enough?’

Note

The most important part of this chapter is the definition of risk and risk curves.