The concept of risk

Experts from various industries constantly use not only the definition of “danger” but also such terms as “risk”.

Found a very different interpretation of the term “risk” and invested him sometimes differ from each other content. For example, the risk in the insurance terminology used to refer to the subject of insurance (industrial enterprises or firms), insurance (flood, fire, explosion, etc.), insurance claims (risk in monetary terms) or as a collective term to refer to unwanted or uncertain events. Economists and statisticians that are faced with these issues, understand the risk as much as possible, the consequences of which will manifest at some point in the future. In psychological dictionary, risk is interpreted as an action aimed at attractive goal, the achievement of which involve elements of danger, risk of loss, failure, or as a situational characteristic of activity consisting in uncertainty of its outcome and possible adverse consequences in case of failure, or as a measure of distress when the failure in the activities, defined by the combination of the probability and magnitude of adverse effects in this case. A number of interpretations reveals the risk as the probability of occurrence of accident, danger, accident or disaster under certain conditions (state) of production or of the human environment.

Common in all these views is that risk involves the uncertainty of whether there will be an undesirable event will occur if the adverse condition. Note that in accordance with modern views of risk is usually interpreted as a probabilistic measure of the occurrence of man-made or natural phenomena, accompanied by the emergence, formation and action of the dangers and suffered the social, economic, environmental and other types of damage and harm.

At risk should understand the expected frequency (probability) of occurrence of hazards of a particular class or size of possible damage (loss, harm) from an undesirable event, or some combination of these quantities.

The use of the concept of risk thus allows to translate the risk into the category of measurable categories. In fact, risk is the measure of danger. Often use the concept of “risk” (Level of risk), essentially no different from the concept of risk, but only emphasizing that we are talking about the measurand.

All of these (or similar) interpretation of the term “risk” currently used in the analysis of risk and safety management (risk) of technological processes and production in General.