Probabilistic Risk Analysis and Bayesian Decision Theory /

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...

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Bibliographic Details

Main Authors:	van Oijen, Marcel (Author), Brewer, Mark (Author)
Corporate Author:	SpringerLink (Online service)
Format:	eBook
Language:	English
Published:	Cham : Springer International Publishing : Imprint: Springer, 2022.
Edition:	1st ed. 2022.
Series:	SpringerBriefs in Statistics,
Subjects:	Statistics . Biometry. Statistical Theory and Methods. Biostatistics. Bayesian Inference. Electronic books.
Online Access:	Connect to the full text of this electronic book