Probabilistic Safety Assessments (PSA), which was introduced in the 1970s as complement to deterministic safety analysis methods, is a well-established tool that supports design and safety assessment ...

Severe accidents at nuclear reactors have occurred much more frequently than what risk-assessment models predicted. The probabilistic risk assessment method does a poor job of anticipating accidents ...

Cross-impact analysis is widely employed to inform management and policy decisions based on the formulation of scenarios which are defined as combinations of outcomes of relevant uncertainty factors.

National security experts said climate forecasters often focus on averages, or the most likely scenario, without determining the probability of an extreme climate shift Tell us what you don't know.

The Nuclear Regulatory Commission (NRC) should examine the benefits of mandating that nuclear plants in the U.S. add probabilistic risk assessment (PRA) to methods used to evaluate and prepare for ...

Discover how Monte Carlo analysis helps investors assess risk and make informed decisions. Explore its role in generating ...

Risk management involves a three-step procedure: hazard identification, risk assessment, and risk mitigation in case of unacceptable risk levels. In fact, the hazard identification process should ...

The multiple and ongoing accidents at the Fukushima reactors come as a reminder of the hazards associated with nuclear power. As with the earlier severe accidents at Chernobyl and Three Mile Island, ...