Abstract
The significance of quantitative risk estimates depends not only on the number of accident events included, but also on the criteria differentiating accidents and accident precursors. Based on exemplary data from the European Commission's Major Accident Reporting System, the conventional risk estimator associated with the frequency of several types of major accidents is quantified. Bayesian calculations show that incorporating accident precursors in the accident frequency estimation results, under certain conditions, in significantly increased frequency estimates.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Journal of Loss Prevention in the Process Industries
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
