Full Content is available to subscribers

Subscribe/Learn More  >

Risk-Informed Decision Making for High-Consequence Outcomes

[+] Author Affiliations
Curtis Smith, Kurt Vedros

Idaho National Laboratory, Idaho Falls, ID

Paper No. IMECE2010-37187, pp. 273-278; 6 pages
  • ASME 2010 International Mechanical Engineering Congress and Exposition
  • Volume 11: New Developments in Simulation Methods and Software for Engineering Applications; Safety Engineering, Risk Analysis and Reliability Methods; Transportation Systems
  • Vancouver, British Columbia, Canada, November 12–18, 2010
  • Conference Sponsors: ASME
  • ISBN: 978-0-7918-4448-9
  • Copyright © 2010 by ASME


The issues faced during the operation of high-consequence facilities or systems require a blended quantitative and qualitative risk-informed approach to decision-making. For example, in the case of the operation of nuclear power plants or manned space missions, a risk-informed metric one might consider is the probability of loss of the plant or failure of the mission, where this probability is balanced by the consequences of the event. However, as we will discuss, one should focus on the observable event itself (e.g., the actual loss or failure) rather than the probability of the event. We will describe the general approach of making probabilistic decisions, including the focus on predictive distributions for outcomes such as a complex system failure.

Copyright © 2010 by ASME



Interactive Graphics


Country-Specific Mortality and Growth Failure in Infancy and Yound Children and Association With Material Stature

Use interactive graphics and maps to view and sort country-specific infant and early dhildhood mortality and growth failure data and their association with maternal

Citing articles are presented as examples only. In non-demo SCM6 implementation, integration with CrossRef’s "Cited By" API will populate this tab (http://www.crossref.org/citedby.html).

Some tools below are only available to our subscribers or users with an online account.

Related Content

Customize your page view by dragging and repositioning the boxes below.

Related eBook Content
Topic Collections

Sorry! You do not have access to this content. For assistance or to subscribe, please contact us:

  • TELEPHONE: 1-800-843-2763 (Toll-free in the USA)
  • EMAIL: asmedigitalcollection@asme.org
Sign In