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Quantitative risk management and its limits: a UK engineering perspective

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Publication date2016
Host publicationRouteledge Handbook of Risk Studies
EditorsAdam Burgess, Alberto Alemanno, Jens O. Zinn
Place of PublicationLondon
Number of pages13
ISBN (electronic)9781315776835
ISBN (print)9781138022867
<mark>Original language</mark>English


The paper discusses the UK Health and Safety risk assessment processes and the requirement, in some high-hazard industries, to quantify risks in terms of fatalities per million hours. While these techniques work for commonly occurring incidents, they are far less successful in quantifying the likelihood and effects of the high-impact events, such as train crashes or nuclear incidents.