Marvin Rausand

An introduction to risk assessment that utilizes key theory andstate-of-the-art applications With its balanced coverage of theory and applications along withstandards and regulations, Risk Assessment: Theory, Methods, andApplications serves as a comprehensive introduction to thetopic. The book serves as a practical guide to current riskanalysis and risk assessment, emphasizing the possibility ofsudden, major accidents across various areas of practice frommachinery and manufacturing processes to nuclear power plants andtransportation systems. The author applies a uniform framework to the discussion of eachmethod, setting forth clear objectives and descriptions, while alsoshedding light on applications, essential resources, and advantagesand disadvantages. Following an introduction that provides anoverview of risk assessment, the book is organized into twosections that outline key theory, methods, and applications. Introduction to Risk Assessment defines key concepts anddetails the steps of a thorough risk assessment along with thenecessary quantitative risk measures. Chapters outline the overallrisk assessment process, and a discussion of accident models andaccident causation offers readers new insights into how and whyaccidents occur to help them make better assessments. Risk Assessment Methods and Applications carefullydescribes the most relevant methods for risk assessment, includingpreliminary hazard analysis, HAZOP, fault tree analysis, and eventtree analysis. Here, each method is accompanied by a self-containeddescription as well as workflow diagrams and worksheets thatillustrate the use of discussed techniques. Important problem areasin risk assessment, such as barriers and barrier analysis, humanerrors, and human reliability, are discussed along with uncertaintyand sensitivity analysis. Each chapter concludes with a listing of resources for furtherstudy of the topic, and detailed appendices outline main resultsfrom probability and statistics, related formulas, and a listing ofkey terms used in risk assessment. A related website featuresproblems that allow readers to test their comprehension of thepresented material and supplemental slides to facilitate thelearning process. Risk Assessment is an excellent book for courses on riskanalysis and risk assessment at the upper-undergraduate andgraduate levels. It also serves as a valuable reference forengineers, researchers, consultants, and practitioners who use riskassessment techniques in their everyday work.

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