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12 - State of the Art and New Directions in Risk Assessment and Risk Management: Fundamental Issues of Measurement and Management

Published online by Cambridge University Press:  05 June 2012

Rae Zimmerman
Affiliation:
Robert F. Wagner Graduate School of Public Service, New York University, New York, NY
Robin Cantor
Affiliation:
Principal and Managing Director LECG, LLC Washington, DC
Timothy McDaniels
Affiliation:
University of British Columbia, Vancouver
Mitchell Small
Affiliation:
Carnegie Mellon University, Pennsylvania
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Summary

INTRODUCTION

Risk assessment and risk management have grown out of many different intellectual traditions, with many approaches to practice within an array of governance contexts. Over the past few decades, the analytical and managerial approaches to risk have evolved substantially, helping to inspire new methods and directions for future applications. Many views and perspectives are needed to describe risk adequately. Thus, we need common frameworks that will allow comparisons and judgments to be made regarding risk management trade-offs. Changes in society, including the growing complexity of the population and its diversity, the speed with which new technologies are introduced, and the emergence of regional and global economies and new modes of international governance have also altered the ways in which we view risk.

The preceding chapters highlight many conceptual and contextual aspects of risk problems that emerge from the intersection of uncertain outcomes and consequences, and the need to govern in the face of these. In democratic societies, risk problems place particular demands on governance that have substantial implications for how we allocate, use, and manage available resources, products, technologies, and infrastructure. In this concluding chapter, we summarize the relationship between these special demands on governance and some of the enduring themes that have influenced the development of risk analysis as a discipline. We consider as well how these demands have evolved and therefore continue to challenge our core risk concepts, general analytical approaches, and risk management strategies.

Type
Chapter
Information
Risk Analysis and Society
An Interdisciplinary Characterization of the Field
, pp. 451 - 458
Publisher: Cambridge University Press
Print publication year: 2003

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References

National Research Council (NRC). 1994. Science and Judgment in Risk Assessment, NRC Committee on Risk Assessment of Hazardous Air Pollutants, National Academy Press, Washington, DC
Stern, P. C., and Fineberg, H. V., eds. 1996. Understanding Risk: Informing Decisions in a Democratic Society. National Research Council Committee on Risk Characterization, National Academy Press, Washington, DC
U.S. Environmental Protection Agency (EPA). 1996. Strategic Plan for the Office of Research and Development. U.S. EPA, Office of Research and Development. EPA/600/R-96/059. U.S. EPA, Washington, DC

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