Using cross-impact analysis for probabilistic risk assessment
Loading...
Access rights
openAccess
URL
Journal Title
Journal ISSN
Volume Title
A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
This publication is imported from Aalto University research portal.
View publication in the Research portal (opens in new window)
View/Open full text file from the Research portal (opens in new window)
View publication in the Research portal (opens in new window)
View/Open full text file from the Research portal (opens in new window)
Date
2022-06
Major/Subject
Mcode
Degree programme
Language
en
Pages
14
Series
Futures and Foresight Science
Abstract
Cross-impact analysis is widely employed to inform management and policy decisions based on the formulation of scenarios, defined as combinations of outcomes of relevant uncertainty factors. In this paper, we argue that the use of nonprobabilistic variants of cross-impact analysis is problematic in the context of risk assessment where the usual aim is to produce conservative risk estimates which may exceed but are not smaller than the actual risk level. Then, building on the characterization of probabilistic dependencies, we develop an approach to probabilistic cross-impact analysis which (i) admits several kinds of probabilistic statements about the outcomes of relevant uncertainty factors and their dependencies; (ii) maps such statements into constraints on the joint probability distribution over all possible scenarios; (iii) provides support for preserving the consistency of elicited statements; and (iv) uses mathematical optimization to compute lower and upper bounds on the overall risk level. This approach—which is illustrated with an example from the context of nuclear waste repositories—is useful in that it retains the informativeness of cross-impact statements while ensuring that these statements are interpreted within the coherent framework of probability theory.Description
Keywords
cross-impact analysis, probabilistic risk assessment, scenario analysis
Other note
Citation
Salo, A, Tosoni, E, Roponen, J & Bunn, D W 2022, ' Using cross-impact analysis for probabilistic risk assessment ', Futures and Foresight Science, vol. 4, no. 2 . https://doi.org/10.1002/ffo2.103