Title :
Possibilistic risk assessment
Author :
Whalen, Thomas ; Bronn, Carl
Author_Institution :
Robinson Coll., Georgia State Univ., Atlanta, GA
Abstract :
Some events are so rare that it is impossible to construct any evidence-based probability distribution for them. Judgmental assessment of probability is also suspect because extremely small probabilities are not readily distinguished from one another subjectively. We define a class of extremely rare events called "adventitious events" and illustrate the use of possibility theory to analyze risks associated with them.
Keywords :
possibility theory; risk management; statistical distributions; evidence-based probability distribution; possibilistic risk assessment; possibility theory; Accidents; Cultural differences; Dictionaries; Educational institutions; Possibility theory; Probability distribution; Psychology; Risk analysis; Risk management; Uncertainty; Dempster-Shafer; Possibility; Rare Events; Risk;
Conference_Titel :
Fuzzy Information Processing Society, 2008. NAFIPS 2008. Annual Meeting of the North American
Conference_Location :
New York City, NY
Print_ISBN :
978-1-4244-2351-4
Electronic_ISBN :
978-1-4244-2352-1
DOI :
10.1109/NAFIPS.2008.4531222
