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Essay text:
Thus 10 represents the real criterion for intolerance and negligibility,
respectively. The interval [1,100] is an uncertainty region where the
ALARP principle applies. Decision-makers can draw conclusions about intolerability
(above 100) or acceptance/negligibility (below 1), with the intermediate
24 FOUNDATIONS OF RISK ANALYSIS
region interpreted as tolerable only if risk reduction is impracticable (which
means cost-benefit considerations).
Although such an interpretation seems natural, we have not seen it often
expressed in precise terms in applications.
2.1.3 Reliability Analysis
A reliability analysis can be viewed as a special type of risk analysis or as an
analysis which provides input to the risk analysis...
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Common topics in this essay:
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