|
Authors
Michael H. Faber and Marc A. Maes
Abstract
The present paper reviews and outlines the interpretation of uncertainties with a view to the various different categorizations introduced in the literature. A framework is then presented for risk based decision making taking basis in the Bayesian decision theory and recent methodical developments in risk assessment. It is emphasized that in principle all types of uncertainties should be included in formal decision analysis and that not doing so corresponds to informal decision analysis the quality of which may be difficult to judge. The controversial problem in engineering decision making of how to take into account uncertainties associated with the definition of the system being analyzed is outlined. For the typical situation where a discrete set of possible system representations is possible it is shown how a decision problem may be formulated for the identification of the optimal system to be considered as basis for decision making. The presented decision framework takes into account all prevailing uncertainties, epistemic as well as aleatory. Examples related to structural design and assessment problems relevant for offshore engineering are given illustrating how not to account for all types of uncertainties leads to sub-optimal decision making.
Published in/by
Proceedings OMAE2005, 24th International Conference on Offshore Mechanics and Arctic Engineering, Halkidiki, Greece, June 12-17, 2005, [OMAE2005-67241].
Wichtiger Hinweis:
Diese Website wird in älteren Versionen von Netscape ohne
graphische Elemente dargestellt. Die Funktionalität der
Website ist aber trotzdem gewährleistet. Wenn Sie diese
Website regelmässig benutzen, empfehlen wir Ihnen, auf
Ihrem Computer einen aktuellen Browser zu installieren. Weitere
Informationen finden Sie auf
folgender
Seite.
Important Note:
The content in this site is accessible to any browser or
Internet device, however, some graphics will display correctly
only in the newer versions of Netscape. To get the most out of
our site we suggest you upgrade to a newer browser.
More
information