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Acceptable risk values

Numerical Measures of Risk Without risk and the reward for successfully accepting risk, there would be no business activity. In estimating the probabilities of attaining various levels of net present value (NPV) and discounted-cash-flow rate of return (DCFRR), there was a spread in the possible values of (NPV) and (DCFRR). A number of methods have been suggested for assessing risks and rewards to be expected from projects. [Pg.828]

For each q and q risk value and the Severity Rating (S), a level of design acceptability is determined from where these values intersect on the Conformability Map. The symbols, relating to the levels of design acceptability, are then placed in the nodes of the Conformability Matrix for each variability risk which the failure mode is directly dependent on for the failure to occur. Once the level of design acceptability has been determined, it can then be written on the Conformability Matrix in the Comments section. Cpi values predicted or comments for suppliers can be added too, although predicted Cp values can also be written in the variability risks results table. [Pg.86]

The most likely toxicity value to be found in the literature is the LD50 (dose lethal to 50% of the animals) for some laboratory species, usually rat or mouse. This value may be obtained by plotting on probit paper the fraction of experimental animals killed against the acute dosage. There Is seldom enough information to permit extrapolation to a dosage at which only a very small (e.g., 1%) fraction of the animals would be killed, much less to an acceptable risk level. Handy and Schindler (12), however, assum ... [Pg.270]

In use of risk assessment methods, you will find that the methodology for calculating overall risk probabilities is quite well defined. But, assigning realistic values to individual probabilities can be quite difficult, and a matter of personal opinion of the analyst. So, the analyst must have intimate knowledge of the system being evaluated, as well as all effects being considered, before he can make an acceptable risk assessment. [Pg.48]

Where risks are higher that normally acceptable and all reasonable mitigation measures have been examined to find out value and practicality, the principal of risk as low as reasonably practical applies. Where the available risk protection measures have been exhausted and the risk level is still higher that the accepted numerical value, the risk would be considered "As Low As Reasonably Practical" (ALARP). [Pg.93]

Risk assessment is the conventional tool for decision making on the acceptability of chemical use. It is based on predicted exposure levels, predicted no-effect levels of individual chemicals and politically defined degrees of acceptable risk. Each of these processes involves a series of value judgements and estimations. Risk assessment is therefore highly subjective. [Pg.8]

HAZAN, on the other hand, is a process to assess the probability of occurrence of such accidents and to evaluate quantitatively the consequences of such happenings, together with value judgments, in order to decide the level of acceptable risk. HAZAN is also sometimes referred to as Probabilistic Risk Assessment (PRA) and its study uses the well-established techniques of Fault Tree Analysis and/or Event Tree Analysis ... [Pg.439]

Establishing the value of diese different assumptions would seem to be a basic component of public health policy. The exercise involves decisions on the magnitude of a socially acceptable risk. This needs to be assessed in the light of observed toxic effect, quality of information on residue toxicity and content, benefit-risk trade-off assessment determined by the therapeutic or productive... [Pg.319]

It was assumed that thresholds for carcinogenicity were either nonexistent or nonmeasurable. A multistage model was used in many cases with a data base similar to the Water Quality Criteria, and often calculated values were rounded off to the nearest digit. The guidelines state The model is designed to estimate the highest possible upper limit of incremental risk from a lifetime of exposure to a particular daily amount of substance.. . . An acceptable risk of 1 in 100,000 per lifetime was arbitrarily selected as the criterion. [Pg.706]

As regards carcinogenic substances, risk value based on the concentration unit of 1 pg/rn (so-called unit risk or UR) are available. Due to the general lack of social acceptance regarding the level of risk, URs can in practice only be applied to a limited extent. For substances without a detectable effect threshold the minimization rule will usually apply. [Pg.208]

Movement to optimum by an inadequate linear model is also possible in cases when doing the mentioned eight trials is not acceptable. The values of linear regression coefficients are considerably above the values of those for interactions, the more so since linear effects are not aliased/confounded with interaction effects. Although the movement to optimum by an inadequate linear model is mathematically incorrect, it may be accepted in practice with an adequate risk. Note that when trying to optimize a process one should aspire towards both the smallest possible interaction effects and approximate or symmetrical linear coefficients. In problems of interpolation models, the situation is exactly the opposite since it insists on interaction effects, which may be significant. [Pg.320]

Acceptable risks or doses for radionuclides and chemical carcinogens also could be established based on considerations of unavoidable risks from natural background as noted previously, these lifetime risks are about 10 2. For example, an acceptable risk could be set at a value corresponding approximately to the geographical variability in the background risk, because people normally do not consider this variability in deciding where to live. [Pg.42]

Establishing the boundaries in a risk-based waste classification system requires that one or more values of acceptable risk be specified. The values of acceptable risk are then used to establish the values of parameters that define the boundaries of the different waste classes. The process of establishing the value(s) of acceptable risk is part of risk management. Risk management is an essential aspect of establishing a waste classification system, but it has an important nontechnical component that reflects societal values. [Pg.63]

To the extent that risk is used as a basis for waste classification, it is not used consistently. Different values for acceptable risk are assumed for different hazardous waste disposal situations. In addition, a variety of surrogate measures (e.g., ingestion toxicity, total radioactivity) having varying relationships to risk have been used to classify wastes. [Pg.65]

Establishment of a risk-based waste classification system requires that one or more levels of acceptable risk be specified. A determination of acceptable risks depends on societal values, and is a task appropriately left to governmental policy makers and the public. As a result, this Report will not attempt to select or justify specific values for acceptable risk. However, in Sections 6 and 7, values of... [Pg.67]

Section 7 then addresses the implications of the recommended risk-based waste classification system. By assuming key parameters (e.g., values of acceptable risk, characteristics of exposure scenarios) and applying the system to a variety of example waste streams, the question of how existing wastes would be classified in the new system is investigated. This Section also summarizes the legal and regulatory ramifications of the proposed hazardous waste classification system. [Pg.71]

The acceptable risks for substances that induce stochastic responses discussed in this Section are values in excess of unavoidable risks from exposure to the undisturbed background of naturally occurring agents that cause stochastic responses, such as many sources of natural background radiation and carcinogenic compounds produced by plants that are consumed by humans. This distinction is based on the assumption of a linear, nonthreshold dose-response relationship for substances that cause stochastic responses and the inability to control many sources of exposure. Risk management can address exposures to naturally occurring substances that induce stochastic responses, but only when exposures are enhanced by human activities or can be reduced by reasonable means. [Pg.145]

The radiation paradigm also is applied to other situations including cleanup of sites contaminated with uranium or thorium mill tailings, mitigation of indoor radon, remediation of elevated levels of naturally occurring radionuclides other than radon, and responses to radiation accidents. In these applications, the maximum acceptable risk has a value in the range of about 10 1 to 10 3 (Kocher, 1999). [Pg.149]

In many respects, the foundations and framework of the proposed risk-based hazardous waste classification system and the recommended approaches to implementation are intended to be neutral in regard to the degree of conservatism in protecting public health. With respect to calculations of risk or dose in the numerator of the risk index, important examples include (1) the recommendation that best estimates (MLEs) of probability coefficients for stochastic responses should be used for all substances that cause stochastic responses in classifying waste, rather than upper bounds (UCLs) as normally used in risk assessments for chemicals that induce stochastic effects, and (2) the recommended approach to estimating threshold doses of substances that induce deterministic effects in humans based on lower confidence limits of benchmark doses obtained from studies in humans or animals. Similarly, NCRP believes that the allowable (negligible or acceptable) risks or doses in the denominator of the risk index should be consistent with values used in health protection of the public in other routine exposure situations. NCRP does not believe that the allowable risks or doses assumed for purposes of waste classification should include margins of safety that are not applied in other situations. [Pg.320]

Implementation of emergency-response procedures based on theoretical excess risk values of 10 to 10 may be problematical. For example, if such values were used, they would be based on an anticipated increased cancer risk of 10 to 10 a policy consistent with EPA s acceptable cancer risk for lifetime exposures to known or suspect human carcinogens. However, the public health and safety risks associated with evacuation and other response measures might pose greater risks of injury or perhaps death. Thus, setting AEGL values based on uncertain theoretical cancer risk estimates might lead to response measures that increase actual or total risk for the exposed population. [Pg.139]


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See also in sourсe #XX -- [ Pg.183 ]




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