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Probabilistic Risk Analysis and Bayesian Decision Theory

Name: Probabilistic Risk Analysis and Bayesian Decision Theory
Brand: Springer, Berlin
SKU: 9783031163326
Price: 55.14 EUR
Availability: InStock

Autor: Marcel van Oijen, Mark Brewer

Jazyk:

Väzba: Brožovaná

Vydavateľ: Springer, Berlin

Dostupnosť: Skladom u dodávateľa

Odosielame za 5-8 dní

55.14 €

The book shows how risk, defined as the statistical expectation of loss, can be formally decomposed...

Informácie o knihe

Autor

Marcel van Oijen, Mark Brewer

Jazyk

Angličtina

Väzba

Kniha - Brožovaná

Vydalo

2022

Stránok

114

EAN

9783031163326

Enbook ID

41377909

Vydavateľ

Springer, Berlin

Hmotnosť

190

Rozmery

155 x 235 x 8

Kompletný popis

The book shows how risk, defined as the statistical expectation of loss, can be formally decomposed as the product of two terms: hazard probability and system vulnerability. This requires a specific definition of vulnerability that replaces the many fuzzy definitions abounding in the literature. The approach is expanded to more complex risk analysis with three components rather than two, and with various definitions of hazard. Equations are derived to quantify the uncertainty of each risk component and show how the approach relates to Bayesian decision theory. Intended for statisticians, environmental scientists and risk analysts interested in the theory and application of risk analysis, this book provides precise definitions, new theory, and many examples with full computer code. The approach is based on straightforward use of probability theory which brings rigour and clarity. Only a moderate knowledge and understanding of probability theory is expected from the reader.