Risk Analysis Rising

In June I posted on a paper called A Risk Analysis of Risk Analysis, and from that post

The title of this post is taken from a both sobering and sensible paper published last year by Jay Lund, a distinguished professor of civil engineering at the University of California (Davis), who specialises in water management. The paper presents a discussion of the merits of Probabilistic Risk Assessment (PRA), which is a “systematic and comprehensive methodology to evaluate risks associated with a complex engineered technological entity”. PRA is notably used by NASA (see their 320 page guide) as well as essentially being mandated for assessing the operational risks of nuclear power plants during the 80’s and 90’s.

It  is a wonderfully insightful paper that I uploaded to Scribd, who recently informed me that the paper is now on their hotlist. You can get to the paper from the link below. Highly recommended!