Abstract
Different risk measures are discussed in order to decide which to use to best express the risk workers are exposed to. A new risk measure is introduced and advantages and disadvantages are presented. The need for a new risk measure (Expected Number of Fatalities Rate ENFR), is discussed and explained with the help of an example. The example also contains a comparison with the well-known FAR-value. Also some problems and benefits of introducing a measure of the kind: ΔRISK Δ$ are discussed and conclusions made. The question of what amount of money should be used on risk reducing activities is also addressed.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
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.