Springer Reliability Engineering

How Safe is Safe Enough?

By: Jatin S. Nathwani, Mahesh D. Pandey, Niels C. Lind

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Hardcover | 1 October 2009

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Hardcover
208 Pages

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24.13 x 16.51 x 1.91

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Engineering Decisions for Life Quality: How Safe is Safe Enough? provides a foundation and a theoretical basis for managing risk to an acceptable level under the real-world constraint of limited resources. The focus is not on risks as such, but on what can be done to maximize the positive outcomes of risk in terms of improvements to the quality of life.

The principal focus of Engineering Decisions for Life Quality: How Safe is Safe Enough? is on the development of guidance for establishing rational standards of practice. Standards should meet the requirement of utilizing resources to achieve the maximum net overall benefit to society within society's capacity to commit such resources.

The ideas discussed within this book will be of interest to engineers; advanced undergraduate and graduate students; public health officials; and risk specialists.

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Aus den Rezensionen:

"... Das Buch richtet sich an Ingenieure, Studierende, Gesundheits- und Risikofachleute. ... Anwendungsbeispiele in den Bereichen Luftqualit¤t, Nukleare Sicherheit, Hafenst¤dte mit hohem berschwemmungsrisiko und optimale Konstruktion eines Hochwasserschutzdammes zeigen auf, wie die Methoden praktisch umgesetzt werden k¶nnen. Ein inspirierendes Buch, das vieles bewusst und quantifizierbar macht ..." (in: Bulletin electrosuisse, 22/January/2010, S. 63)

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You Can Find This Book In

Non-Fiction Engineering & Technology Technology in General Engineering in General Philosophy Business & Management Business Strategy Mechanical Engineering & Materials Production & Industrial Engineering Industrial Quality Control Management & Management Techniques Organisational Theory & Behaviour

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Paperback

Published: 14th March 2012

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The Societal Capacity to Commit Resources	p. 1
Introduction	p. 1
Resource Scarcity	p. 3
Societal Capacity to Commit Resources (SCCR)	p. 4
Background	p. 5
Risk in the Context of Human Development	p. 7
Principles for Managing Risk	p. 9
The Life Quality Index (LQI)	p. 11
Summary	p. 13
References	p. 14
Social Indicators for Managing Risk	p. 17
Social Indicators	p. 17
The Human Development Index	p. 18
The Life Quality Index	p. 20
Rationale for Use of Life Expectancy and GDP	p. 23
Quality Adjustment of Life Expectancy: The Real GDP per Capita	p. 27
The LQI as a Tool for Managing Risk	p. 28
How to Make Decisions About Life Risks	p. 28
General Criterion of Acceptability	p. 29
Societal Capacity to Commit Resources	p. 30
Summary	p. 33
References	p. 34
Judging Risks Using the Life Quality Method	p. 37
Introduction	p. 37
Benefit-Cost Analysis by the LQI Method	p. 38
Illustrative Application	p. 39
Context	p. 39
Estimation of Change in Life Expectancy	p. 40
Example Calculations	p. 41
Discounting Models in LQI Method	p. 45
Exponential Discounting Function	p. 45
Hyperbolic Discounting Function	p. 46
Quasi-hyperbolic Discounting Function	p. 47
Illustration	p. 47
Summary	p. 49
References	p. 50
Air Quality Standards	p. 51
Introduction	p. 51
Canada-Wide Standards (CWS) on Air Quality	p. 53
Scientific Context	p. 53
Background to the Development of the Canada-Wide Standards	p. 54
Approach Used to Set Air Pollution Standards	p. 55
Limitations of the CWSDC Analysis	p. 58
Applying LQI to the Air Pollution Case Study	p. 60
Empirical Validation	p. 63
Cost-Benefit Analysis of Pollution Control Options	p. 64
Summary	p. 67
References	p. 67
Nuclear Safety	p. 69
Context	p. 69
Justifiable Expenditure	p. 70
Utility Function for Longevity	p. 72
Discounting	p. 73
Societal Capacity to Commit Resources	p. 73
Illustrative Calculation	p. 75
Empirical Validation	p. 76
Applications to Risk of Ionizing Radiation Exposure	p. 77
Application to Nuclear Safety Design Features	p. 78
Conclusions	p. 81
Summary	p. 82
References	p. 82
Port Cities with High Exposure to Flood	p. 85
Background	p. 85
Data	p. 86
Exposure Analysis and Assessment	p. 88
Risk Assessment	p. 90
Discussion	p. 92
Summary	p. 93
References	p. 93
Optimal Design of a Flood Protection Levee	p. 95
Introduction	p. 95
Discounting Risk and Cash Flow	p. 97
Cross-Entropy Estimation	p. 97
Flood Control Design Example	p. 99
Summary	p. 104
References	p. 104
Closure	p. 107
Managing Risk Strategically	p. 107
Principles for Managing Risk	p. 109
Conclusions	p. 110
References	p. 111
Derivation of LQI	p. 113
Introduction	p. 113
The Utility Function	p. 114
Technical Concepts and Definitions	p. 116
Elasticity of a Function	p. 116
Indifference Curve	p. 117
Marginal Rate of Substitution	p. 118
Elasticity of Substitution	p. 119
Remarks	p. 119
The Role of GDP in LQI	p. 120
Definition of GDP	p. 120
Measurement of GDP	p. 121
Expenditure Method	p. 121
Income Method	p. 121
GDP as an Indicator of Welfare	p. 122
Production of GDP	p. 123
Production Function	p. 123
Key Assumptions of Production Economics	p. 123
Economics of Labor-Leisure Trade Off	p. 126
Derivation of the LQI	p. 127
Summary	p. 129
References	p. 129
Discounting	p. 131
Introduction	p. 131
The Canadian Cost-Benefit Analysis Guide (2007)	p. 132
Rational approaches to discount rates	p. 133
Discount rates	p. 134
Benefit-Cost Analysis Guide, Treasury Board of Canada	p. 136
The Fiscal Discount Rate	p. 136
The Social Discount Rate	p. 137
The Rate-of-Time Preference for Consumption	p. 138
Strategic Effects of High and Low Discount Rates	p. 138
The Discount Rate as a Risk Variable	p. 139
Best Practice - Inflation Adjustments and Discounting	p. 139
US Office of Management and Budget (OMB) A94: Guidelines for Benefit-Cost Analysis of Federal Programs	p. 140
General Principles	p. 140
Discount Rate Policy	p. 141
Real Versus Nominal Discount Rates	p. 141
Public Investment and Regulatory Analyses	p. 141
The UK Treasury Green Book	p. 142
Introduction	p. 142
Social Time Preference Rate	p. 142
Long-Term Discount Rates	p. 144
Discounting Risks in the Far Future	p. 150
Introduction	p. 150
Financing Horizon	p. 153
Equivalence Principle	p. 154
Application	p. 154
Discussion	p. 157
Conclusions	p. 158
References	p. 158
Calibration of the LQI	p. 161
Calibration	p. 161
Summary	p. 168
References	p. 172
The Life Table and Its Construction	p. 173
Introduction	p. 173
Explanation of Life Table Variables	p. 175
Explanation of the Modified Life Table, Table D.2	p. 177
Life Table Data	p. 177
References	p. 186
Index	p. 187
Table of Contents provided by Ingram. All Rights Reserved.

Springer Reliability Engineering

How Safe is Safe Enough?

At a Glance

Hardcover

Industry Reviews

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Defective items

You Can Find This Book In

Other Editions and Formats

Paperback

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