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Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
A vulnerability assessment is the process of identifying, quantifying, and prioritizing (or ranking) the vulnerabilities in a system. Examples of systems for which vulnerability assessments are performed include, but are not limited to, information technology systems, energy supply systems, water supply systems, transportation systems, and communication systems.
A 2002 paper then applied a vulnerability indexing model to analysis of vulnerability to sea level rise for a US coastal community. [18] At a 2008 Capacity Building Seminar at Oxford, the "Climate Vulnerability Index" [1] was presented with an application to the protection of tourist economies, which may be important to small island states and ...
When used as part of an aviation hazard analysis, a "Likelihood" is a specific probability. It is the joint probability of a hazard occurring, that hazard causing or contributing to an aircraft accident or incident, and the resulting degree of loss or harm falling within one of the defined severity categories.
A fault tree diagram. Fault tree analysis (FTA) is a type of failure analysis in which an undesired state of a system is examined. This analysis method is mainly used in safety engineering and reliability engineering to understand how systems can fail, to identify the best ways to reduce risk and to determine (or get a feeling for) event rates of a safety accident or a particular system level ...
The risk equation shows that climate risk is a product of hazard, exposure, and climate change vulnerability (where 'x' represents interaction between the components). [ 1 ] Climate risk is the potential for problems for societies or ecosystems from the impacts of climate change . [ 2 ]
The Zonal Safety Analysis (ZSA) looks at each compartment on the aircraft and looks for hazards that can affect every component in that compartment, such as loss of cooling air or a fluid line bursting. The Common Mode Analysis (CMA) looks at the redundant critical components to find failure modes which can cause all to fail at about the same time.
A job safety analysis (JSA) is a procedure that helps integrate accepted safety and health principles and practices into a particular task or job operation. The goal of a JSA is to identify potential hazards of a specific role and recommend procedures to control or prevent these hazards.