A Conceptual Framework and Methods for Risk Tradeoff Analysis

Part 2: Methods for Risk Tradeoff Analysis

Abstract

Risk management involves analyzing various risks and their tradeoffs to balance social, economic, and environmental objectives. On the basis of the conceptual framework described in the previous paper of this series, this paper critically reviews the methods available for risk tradeoff analysis. The author proposes to develop not only a database of risk tradeoff events and studies, but also a set of tools to support risk tradeoff analysis.