Probabilistic risk assessment definition

Probabilistic risk assessment means a mathematical technique for assessing the variability and uncertainty in risk calculations. This is done by using distributions for model input parameters, rather than point values, where sufficient data exists to justify the distribution. These distributions are then used to compute various simulations using tools such as Monte Carlo analysis to examine the probability that a given outcome will result (such as a level of risk being exceeded). When using probabilistic techniques under this chapter for human health risk assessment, distributions shallmay not be used to represent dose response relationships (reference dose, reference concentration, cancer potency factor).
Probabilistic risk assessment means a risk assessment performed using a mathematical technique that produces a distribution of values for a calculated term by solving for that term in successive iterations. Each successive iteration requires the selection of a single input value from defined distribution(s) for each of the terms used to derive the calculated term.
Probabilistic risk assessment means a site-specific risk assessment performed using a statistical sampling technique that produces a probabilistic approximation of the potential risk from the site-specific risk assessment algorithm or model.

Examples of Probabilistic risk assessment in a sentence

  • E., Probabilistic risk assessment of engineering systems, Chapman and Hall, London (1997).

  • Probabilistic risk assessment of water distribution system in Hyderabad, Pakistan reveals unacceptable health hazards and areas for rehabilitation.

  • Probabilistic risk assessment practices in the USA for nuclear power plants.

  • Probabilistic risk assessment of accidental ABO-incompatible thoracic organ transplantation before and after 2003.

  • Probabilistic risk assessment is in many ways a very pragmatic approach that systematically collects available information based on the current state of knowledge.


More Definitions of Probabilistic risk assessment

Probabilistic risk assessment means the use of a mathematical model based on probability distribution functions, as opposed to fixed point estimates, to characterize exposure and quantify risk and hazard in a risk assessment.
Probabilistic risk assessment means a mathematical technique for assessing the variability and uncertainty in risk calculations. This is done by using distributions for model
Probabilistic risk assessment means a mathematical technique for assessing the vari- ability and uncertainty in risk calculations. This is done by using distributions for model input pa- rameters, rather than point values, where sufficient data exists to justify the distribution. These distributions are then used to compute various simulations using tools such as Monte Carlo analysis to examine the probability that a given outcome will result (such as a level of risk being exceeded). When using probabilistic techniques under this chapter for human health risk assess- ment, distributions shall not be used to represent

Related to Probabilistic risk assessment

  • Risk assessment means a programme to determine any risk associated with any hazard at a construction site, in order to identify the steps needed to be taken to remove, reduce or control such hazard;

  • Feasibility Study means the evaluation and analysis of the potential of a project, which aims at supporting the process of decision-making by objectively and rationally uncovering its strengths and weaknesses, opportunities and threats, as well as identifying the resources required to carry it through and ultimately its prospects for success;