risk-utility definition

risk-utility test means the risk involved outweighed the usefulness of the product. Risk- utility is determined by factors like how serious was the problem; what was the probability of the risk occurring; did the consumer take adequate precautions in using the product?
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Related to risk-utility

  • Water utility means a public utility as defined in

  • Interconnecting Utility means the utility (which may or may not be Buyer or an Affiliate of Buyer) providing interconnection service for the Facility to the Transmission System of that utility.

  • Natural gas utility means an investor-owned business engaged in the sale and distribution of natural gas within this state whose rates are regulated by the commission.

  • Electric utility means any person that generates, transmits, or distributes electric energy for use by

  • Local utility means any sewerage authority created pursuant to