Risk of Extreme and Catastrophic Eventsby Jim Lambert, Univ of Virginia, Charlottesville, United States,
Document Type: Proceeding Paper
Part of: Risk-Based Decision Making in Water Resources VI
Abstract: Assessing the extreme tails of a probability distribution, where events of very low probability can nevertheless lead to catastrophic outcomes, is one of the most widely discussed and challenging problems of risk-based approaches to management. From minimizing performance errors in hospital surgery to planning for flood protection, the fifth session focused on the assessment and management of the risks of worst-case scenarios.
Subject Headings: Risk management | Probability | Floods | Probability distribution | Control systems | Disaster warning systems | Model analysis
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