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Ale, B.J.M. (author), Hartford, Des N.D. (author), Slater, David H. (author)Legacy risks from infrastructures and industrial installations often reveal themselves when a potential for failure has been discovered much later than at the stage of the design and construction of a structure. In which case, there might already be a problem with the legacy installation, or even a crisis, without having had an accident. When...journal article 2021
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Ale, B.J.M. (author), Hartford, Des N.D. (author), Slater, David H. (author)The assumption that risk, represented as an expected value of the loss could be implied to be a measure of safety, in a cost benefit analysis, is firmly entrenched in economic risk analysis. However, this does not mean that without a marker, the value of a loss, can be established with any necessary level of certainty to make such a cost...journal article 2021