Abstract
This paper is inspired by the work of Professors Heinz Wilsdorf and Doris Kuhlmann-Wilsdorf on fundamental aspects of ductile fracture mechanism. Risk—a measure of the probability and severity of adverse effects—is introduced and related to the consequences associated with elastic (reversible) deformation, plastic (irreversible) deformation, and catastrophic deformation (total failure). Cost-benefit-risk trade-off analysis is discussed.
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