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Overall strategy for risk evaluation and priority setting of risk regulations

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  • Hokstad, Per
  • Steiro, Trygve

Abstract

This paper presents the framework of an approach to support planning and priority setting for risk control. Such an approach could assist government/regulatory authorities in their allocation of resources among different sectors. The term risk will here be used in a very wide sense, and it will include, but not restrict to, the traditional HES (Health, Environment and Safety) concept. An overall classification of risk (‘loss categories’), to be used across sectors and directorates is suggested. The risk evaluation includes a number of factors not accounted for in a standard risk assessment, but should be taken into account when authorities set priorities regarding risk control. Sociological, psychological and ethical perspectives are included, and the need for a discourse during the decision process is pinpointed. The paper also discusses the potential inclusion of cost benefit analyses in such an approach. The indicated approach is denoted Risk Across Sectors (RAS), and suggestions regarding the process to implement it are given. Such an implementation process will by itself increase the knowledge and competence of the involved parties.

Suggested Citation

  • Hokstad, Per & Steiro, Trygve, 2006. "Overall strategy for risk evaluation and priority setting of risk regulations," Reliability Engineering and System Safety, Elsevier, vol. 91(1), pages 100-111.
    • Handle: RePEc:eee:reensy:v:91:y:2006:i:1:p:100-111
    DOI: 10.1016/j.ress.2004.11.014
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    Cited by:

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    2. Junrui Xu & James H. Lambert, 2015. "Risk‐Cost‐Benefit Analysis for Transportation Corridors with Interval Uncertainties of Heterogeneous Data," Risk Analysis, John Wiley & Sons, vol. 35(4), pages 624-641, April.
    3. Hu, Shenping & Fang, Quangen & Xia, Haibo & Xi, Yongtao, 2007. "Formal safety assessment based on relative risks model in ship navigation," Reliability Engineering and System Safety, Elsevier, vol. 92(3), pages 369-377.
    4. Feng Guo & Yanan Wang & Jie Peng & Hetian Huang & Xiangting Tu & Hu Zhao & Nan Zhan & Zhu Rao & Gaofeng Zhao & Hongbo Yang, 2022. "Occurrence, Distribution, and Risk Assessment of Antibiotics in the Aquatic Environment of the Karst Plateau Wetland of Yangtze River Basin, Southwestern China," IJERPH, MDPI, vol. 19(12), pages 1-14, June.
    5. Alsultan, Marwan & Jun, Jungwook & Lambert, James H., 2020. "Program evaluation of highway access with innovative risk-cost-benefit analysis," Reliability Engineering and System Safety, Elsevier, vol. 193(C).
    6. Pascual, R. & Del Castillo, G. & Louit, D. & Knights, P., 2009. "Business-oriented prioritization: A novel graphical technique," Reliability Engineering and System Safety, Elsevier, vol. 94(8), pages 1308-1313.
    7. Lambert, James H. & Farrington, Mark W., 2007. "Cost–benefit functions for the allocation of security sensors for air contaminants," Reliability Engineering and System Safety, Elsevier, vol. 92(7), pages 930-946.

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