Selecting a risk-based tool to aid in decision making

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Selecting a risk-based tool to aid in decision making is as much of a challenge as properly using the tool once it has been selected. Failure to consider customer and stakeholder requirements and the technical bases and differences in risk-based decision making tools will produce confounding and/or politically unacceptable results when the tool is used. Selecting a risk-based decisionmaking tool must therefore be undertaken with the same, if not greater, rigor than the use of the tool once it is selected. This paper presents a process for selecting a risk-based tool appropriate to a set of prioritization or resource allocation ... continued below

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11 p.

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Bendure, A.O. March 1, 1995.

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This article is part of the collection entitled: Office of Scientific & Technical Information Technical Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. More information about this article can be viewed below.

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  • Sandia National Laboratories
    Publisher Info: Sandia National Labs., Albuquerque, NM (United States)
    Place of Publication: Albuquerque, New Mexico

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Description

Selecting a risk-based tool to aid in decision making is as much of a challenge as properly using the tool once it has been selected. Failure to consider customer and stakeholder requirements and the technical bases and differences in risk-based decision making tools will produce confounding and/or politically unacceptable results when the tool is used. Selecting a risk-based decisionmaking tool must therefore be undertaken with the same, if not greater, rigor than the use of the tool once it is selected. This paper presents a process for selecting a risk-based tool appropriate to a set of prioritization or resource allocation tasks, discusses the results of applying the process to four risk-based decision-making tools, and identifies the ``musts`` for successful selection and implementation of a risk-based tool to aid in decision making.

Physical Description

11 p.

Notes

OSTI as DE95007737

Source

  • Joint American Society of Mechanical Engineers (ASME)/Japan Society of Mechanical Engineers (JSME) pressure vessels and piping conference, Honolulu, HI (United States), 23-27 Jul 1995

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  • Other: DE95007737
  • Report No.: SAND--95-0328C
  • Report No.: CONF-950740--68
  • Grant Number: AC04-94AL85000
  • Office of Scientific & Technical Information Report Number: 86308
  • Archival Resource Key: ark:/67531/metadc793399

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Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

Office of Scientific and Technical Information (OSTI) is the Department of Energy (DOE) office that collects, preserves, and disseminates DOE-sponsored research and development (R&D) results that are the outcomes of R&D projects or other funded activities at DOE labs and facilities nationwide and grantees at universities and other institutions.

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  • March 1, 1995

Added to The UNT Digital Library

  • Dec. 19, 2015, 7:14 p.m.

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  • April 14, 2016, 6:46 p.m.

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Bendure, A.O. Selecting a risk-based tool to aid in decision making, article, March 1, 1995; Albuquerque, New Mexico. (digital.library.unt.edu/ark:/67531/metadc793399/: accessed November 21, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.