DocumentCode
2123151
Title
Using belief networks to assess risk
Author
McCabe, Brenda ; Ford, Donald
Author_Institution
Dept. of Civil Eng., Toronto Univ., Ont., Canada
Volume
2
fYear
2001
fDate
2001
Firstpage
1541
Abstract
This paper reviews two commonly used risk assessment tools, namely weighted scores and expected value. The limitations of weighted scores have been outlined. One of the more difficult aspects of the expected value method is to determine the probability of an event. A probabilistic modeling environment called belief networks, has been proposed as an effective means of modeling the situation. An example application has been provided to show how the integrated system may work
Keywords
belief networks; building; civil engineering computing; construction industry; probability; risk management; belief networks; construction industry; event probability; expected value; probabilistic modeling environment; risk assessment tools; weighted scores; Bonding; Civil engineering; Construction industry; Contracts; Equations; Hazards; Injuries; Insurance; Risk management; Uncertainty;
fLanguage
English
Publisher
ieee
Conference_Titel
Simulation Conference, 2001. Proceedings of the Winter
Conference_Location
Arlington, VA
Print_ISBN
0-7803-7307-3
Type
conf
DOI
10.1109/WSC.2001.977483
Filename
977483
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