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Probabilistic risk analysis and Baye...
~
Van Oijen, Marcel.
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Probabilistic risk analysis and Bayesian decision theory
Record Type:
Electronic resources : Monograph/item
Title/Author:
Probabilistic risk analysis and Bayesian decision theory/ by Marcel van Oijen, Mark Brewer.
Author:
Van Oijen, Marcel.
other author:
Brewer, Mark.
Published:
Cham :Springer International Publishing : : 2022.,
Description:
xiii, 114 p. :ill., digital ;24 cm.
Contained By:
Springer Nature eBook
Subject:
Bayesian statistical decision theory. -
Online resource:
https://doi.org/10.1007/978-3-031-16333-3
ISBN:
9783031163333
Probabilistic risk analysis and Bayesian decision theory
Van Oijen, Marcel.
Probabilistic risk analysis and Bayesian decision theory
[electronic resource] /by Marcel van Oijen, Mark Brewer. - Cham :Springer International Publishing :2022. - xiii, 114 p. :ill., digital ;24 cm. - SpringerBriefs in statistics,2191-5458. - SpringerBriefs in statistics..
The book shows how risk, defined as the statistical expectation of loss, can be formally decomposed as the product of two terms: hazard probability and system vulnerability. This requires a specific definition of vulnerability that replaces the many fuzzy definitions abounding in the literature. The approach is expanded to more complex risk analysis with three components rather than two, and with various definitions of hazard. Equations are derived to quantify the uncertainty of each risk component and show how the approach relates to Bayesian decision theory. Intended for statisticians, environmental scientists and risk analysts interested in the theory and application of risk analysis, this book provides precise definitions, new theory, and many examples with full computer code. The approach is based on straightforward use of probability theory which brings rigour and clarity. Only a moderate knowledge and understanding of probability theory is expected from the reader.
ISBN: 9783031163333
Standard No.: 10.1007/978-3-031-16333-3doiSubjects--Topical Terms:
551404
Bayesian statistical decision theory.
LC Class. No.: QA279.5
Dewey Class. No.: 519.542
Probabilistic risk analysis and Bayesian decision theory
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by Marcel van Oijen, Mark Brewer.
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Imprint: Springer,
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2022.
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The book shows how risk, defined as the statistical expectation of loss, can be formally decomposed as the product of two terms: hazard probability and system vulnerability. This requires a specific definition of vulnerability that replaces the many fuzzy definitions abounding in the literature. The approach is expanded to more complex risk analysis with three components rather than two, and with various definitions of hazard. Equations are derived to quantify the uncertainty of each risk component and show how the approach relates to Bayesian decision theory. Intended for statisticians, environmental scientists and risk analysts interested in the theory and application of risk analysis, this book provides precise definitions, new theory, and many examples with full computer code. The approach is based on straightforward use of probability theory which brings rigour and clarity. Only a moderate knowledge and understanding of probability theory is expected from the reader.
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Bayesian statistical decision theory.
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Risk assessment
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Mathematics and Statistics (SpringerNature-11649)
based on 0 review(s)
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Attachments
W9447361
電子資源
11.線上閱覽_V
電子書
EB QA279.5
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