Risk Acceptance Criteria and/or Decision optimization

Ove Dalager Ditlevsen

    Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

    Abstract

    Acceptance criteria applied in practical risk analysis are recapitulated including the concept of rist profile. Modelling of risk profiles is illustrated on the basis of compound Poisson process models. The current practice of authoritative acceptance criteria formulation is discussed from a decision theoretical point of view. It is argued that the phenomenon of risk aversion rather than being of concern to the authority should be of concern to the owner. Finally it is discussed whether there is an ethical problem when formally capitalising human lives with a positive interest rate. Keywords: Risk acceptance, Risk profile, Compound Poisson model for risk profile, Capitalization of human life, Risk aversion.
    Original languageEnglish
    Title of host publicationl5th Congress
    Place of PublicationSlagelse
    PublisherIABSE-AIPC-IVBH
    Publication date1996
    Pages653-664
    Publication statusPublished - 1996
    Eventl5th IABSE Congress: Structural Engineering in Consideration of Econorny, Environment and Energy - Copenhagen
    Duration: 1 Jan 1996 → …

    Conference

    Conferencel5th IABSE Congress: Structural Engineering in Consideration of Econorny, Environment and Energy
    CityCopenhagen
    Period01/01/1996 → …

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