Probabilistic Risk Analysis and Bayesian Decision Theory
Language: English
Published by Springer International Publishing AG, CH, 2022
- Softcover
- New
Seller: Rarewaves.com USA, London, London, United KingdomRarewaves.com USA
AbeBooks seller since June 11, 2025
Condition: New
£ 61.86
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Add to basketItem description from seller
The book shows how risk, defined as the statistical expectation of loss, can be formally decomposed as the product of two terms: hazard probability and system vulnerability. This requires a specific definition of vulnerability that replaces the many fuzzy definitions abounding in the literature. The approach is expanded to more complex risk analysis with three components rather than two, and with various definitions of hazard. Equations are derived to quantify the uncertainty of each risk component and show how the approach relates to Bayesian decision theory. Intended for statisticians, environmental scientists and risk analysts interested in the theory and application of risk analysis, this book provides precise definitions, new theory, and many examples with full computer code. The approach is based on straightforward use of probability theory which brings rigour and clarity. Only a moderate knowledge and understanding of probability theory is expected from the reader.
Seller Inventory # LU-9783031163326
- Title
- Probabilistic Risk Analysis and Bayesian Decision Theory
- Author
- Marcel van Oijen, Mark Brewer
- Publisher
- Springer International Publishing AG, CH
- Publication year
- 2022
- Condition
- New
- Binding
- Paperback
- Language
- English
- ISBN 10
- 303116332X
- ISBN 13
- 9783031163326
- Edition
- 1st ed. 2022.
"Synopsis" may belong to another edition of this title.
About the Author
Mark Brewer is director of BioSS (Biomathematics and Statistics Scotland). His first degree was in Probability and Statistics from the University of Sheffield, and Mark subsequently studied for a PhD in statistics - specialising in MCMC and graphical models - at the University of Edinburgh. After three years working in statistical consultancy at the University of Aberdeen and five years as a lecturer in statistics at the University of Exeter, in 2001 Mark moved to BioSS as a senior statistician. He has worked mainly in ecological and environmental applications, conducting research in spatio-temporal and Bayesian modelling. He became head of BioSS in 2018, and has seen the organisation increase both its funding and staffing complement since that time. Mark acted as co-Editor for Biometrics (2019-2021) and was previously on the Executive Board of the International Biometric Society (2017-2020).
"About the title" may belong to another edition of this title.
Rarewaves.com USA
London, London, United Kingdom
AbeBooks seller since June 11, 2025
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