ISSN:
1573-8868
Keywords:
risk analysis
;
objective probabilities
;
subjective probabilities
;
uncertainties
Source:
Springer Online Journal Archives 1860-2000
Topics:
Geosciences
,
Mathematics
Notes:
Abstract Although risk analysis today is considered to include three separate aspects (1) identifing sources of risk, (2) estimating probabilities quantitatively, and (3) evaluating consequences of risk, here only estimation of probabilities for natural geologic events, processes, and phenomena is addressed. Ideally, evaluation of potential future hazards includes an objective determination of probabilities that have been derived from past occurrences of identical events or components contributing to complex processes or phenomena. In practice, however, data which would permit objective estimation of those probabilities of interest may not be adequate, or may not even exist. Another problem that arises normally, regardless of the extent of data, is that risk assessments involve estimating extreme values. Probabilities are required for events that are the greatest or rarest because they commonly will have the greatest consequences; the largest, or rarest, events always fall in tails of frequency distributions. Rarely are extreme values accurately predictable even when an empirical frequency distribution is established well by data. In the absence of objective methods for estimating probabilities of natural events or processes, subjective probabilities for the hazard must be established through Bayesian methods, expert opinion, or Delphi methods. Alternative solutions may involve consequence analysis which may demonstrate that, although an event may occur, its consequences are sufficiently small that it safely may be ignored or by establishing bounds which may demonstrate that although probabilities are not known they cannot exceed a maximum value that is sufficiently small so that associated risk may be considered to be negligible. Uncertainty of every probability determination must be stated for each component of an event, process, or phenomenon. These uncertainties also must be propagated through the quantitative analysis so that a realistic estimate of total uncertainty can be associated with each final probability estimate for a geologic hazard.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF00890338
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