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Risk Management and Decision Rules for Light Water Reactors

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  • J. Michael Griesmeyer
  • David Okrent

Abstract

A quantitative approach to risk management for accidents in light water nuclear power reactors is proposed to serve as one focus for discussion. In this proposal risk management is divided into two major tasks: the predominantly social and political task of setting the safety goals and the technical task of estimating the risks and deciding whether the safety goals have been met. The proposed safety goals include limits on the following: risk to the individual of early death or delayed cancer death; overall societal risk of early or delayed death; and the frequency of core melt accidents as well as the frequency of containment failure, given a core melt. Also included are a small element of risk aversion and an “as low as reasonably achievable” (ALARA) approach with a cost‐effectviness criterion which includes both economic and health effects.

Suggested Citation

  • J. Michael Griesmeyer & David Okrent, 1981. "Risk Management and Decision Rules for Light Water Reactors," Risk Analysis, John Wiley & Sons, vol. 1(2), pages 121-136, June.
    • Handle: RePEc:wly:riskan:v:1:y:1981:i:2:p:121-136
    DOI: 10.1111/j.1539-6924.1981.tb01407.x
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    Cited by:

    1. Helton, Jon C. & Johnson, Jay D. & Sallaberry, Cédric J., 2011. "Quantification of margins and uncertainties: Example analyses from reactor safety and radioactive waste disposal involving the separation of aleatory and epistemic uncertainty," Reliability Engineering and System Safety, Elsevier, vol. 96(9), pages 1014-1033.
    2. Heyes, Anthony & Heyes, Catherine, 2000. "An empirical analysis of the Nuclear Liability Act (1970) in Canada," Resource and Energy Economics, Elsevier, vol. 22(1), pages 91-101, January.
    3. Vicki Marion Bier, 2017. "Understanding and Mitigating the Impacts of Massive Relocations Due to Disasters," Economics of Disasters and Climate Change, Springer, vol. 1(2), pages 179-202, July.
    4. Vicki M. Bier, 1988. "The U.S. Nuclear Regulatory Commission Safety Goal Policy: A Critical Review," Risk Analysis, John Wiley & Sons, vol. 8(4), pages 563-568, December.
    5. Cameron A. MacKenzie, 2014. "Summarizing Risk Using Risk Measures and Risk Indices," Risk Analysis, John Wiley & Sons, vol. 34(12), pages 2143-2162, December.

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