Abstract
Risk characterization and evaluation aims at making judgement about risk acceptabilityand/or tolerability. This step follows after the appraisal stage and is undertaken in order to serve two main purposes: 1.First, to reach a balanced, value-based judgement on the tolerability/acceptabilityof risk or to perform a trade-off analysis of a set of functional equivalents (ofthe product, process, or practice under consideration). 2. Second, to initiate (if deemed necessary) a management process and make preliminary suggestions for the most suitable management approach.
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CITATION STYLE
Aven, T., & Renn, O. (2010). Risk Characterization and Evaluation. In Risk Management and Governance (pp. 107–120). Springer Berlin Heidelberg. https://doi.org/10.1007/978-3-642-13926-0_7
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