WIT Press


Improving The Way To Calculate Risks: The Qualitative And Quantitative Risk Index R*

Price

Free (open access)

Paper DOI

10.2495/RAV150061

Volume

199

Pages

7

Page Range

63 - 69

Published

2015

Size

277 kb

Author(s)

G. Reniers

Abstract

This paper takes the viewpoint that the current rational approach that is used throughout the world to calculate risks, is insufficient for decision-making and dealing with risks in the next generations. Moral aspects and the acceptability of risks should be taken into consideration while determining risk priorities to optimize decision-making. A risk calculation formula is proposed to this end, whereby principles such as voluntariness, equity and fairness are taken into account in the formula.

Keywords

risk calculation, moral aspects of risk, acceptability of risk