Work

Use of Monte Carlo methods in environmental risk assessments at the INEL: Applications and issues

Year: 1996

Type: report

Abstract: The EPA is increasingly considering the use of probabilistic risk assessment techniques as an alternative or refinement of the current point estimate of risk. This report provides an overview of the probabilistic technique called Monte Carlo Analysis. Advantages and disadvantages of implementing a Monte Carlo analysis over a point estimate analysis for environmental risk assessment are discussed. The general methodology is provided along with an example of its implementation. A phased approach to risk analysis that allows iterative refinement of the risk estimates is recommended for use at the INEL.

DOI: 10.2172/266659

Authors: Lockheed Idaho Technologies Co., Idaho Falls, ID (United States), G Harris, USDOE, Washington, DC (United States), R Van Horn

Language: English

Topic: Risk and Safety Analysis

Subfield: Statistics, Probability and Uncertainty

Field: Decision Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W47481537

Cites: 30

Cited by: 11

Related to: 10