The use of precautionary loss functions in risk analysis

IEEE Transactions on Reliability

Volumn 45, Issue 3, 1996, Pages 400-403

  Norström, Jan Gerhard ^a  

^a DELFT UNIVERSITY OF TECHNOLOGY   (Netherlands)

Author keywords

Bayes estimation; Decision theory; Loss function; Risk analysis

Indexed keywords

DECISION THEORY; FAILURE ANALYSIS; FUNCTIONS; MATHEMATICAL MODELS; PARAMETER ESTIMATION;

BAYES ESTIMATION; FAILURE RATES; LOSS FUNCTION; RISK ANALYSIS;

RISK ASSESSMENT;

EID: 0030247545     PISSN: 00189529     EISSN: None     Source Type: Journal    
DOI: 10.1109/24.536992     Document Type: Article

References (6)

1. G. Apostolakis, "Data specialization for plant specific risk studies", Nuclear Engineering and Design, vol 56, 1980, pp 321-329.
2. J.O. Berger, Statistical Decision Theory and Bayesian Analysis, 1988; Springer.
3. Y. Hosomatsu, "Concepts, theory, and techniques. Asymmetric loss function and optimal policy under uncertainty: A simple proof", Management Science, vol 26, 1980 May, pp 577-585.
4. J.G. Norstrom, '"Bayesian analysis & decision theory in reliability and risk analysis", Diploma Thesis, 1994 Feb, pp 33-43; The Norwegian University of Science and Technology.
5. H.F. Martz, R.A. Waller, Bayesian Reliability Analysis, 1982; John Wiley & Sons.
6. F.A. Tillman, W. Kuo, C.L. Hwang, L.G. Doris, "Bayesianreliability & availability % A review", IEEE Trans. Reliability, vol R-31, 1982 Oct, pp 362-372.