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Decision Analysis Concerned With Investments In Fire Safety

Johansson, H., 2003. Decision Analysis Concerned With Investments In Fire Safety. Fire Safety Science 7: 345-356. doi:10.3801/IAFSS.FSS.7-345


ABSTRACT

Decision analysis concerned with investments in fire safety is discussed. Particular attention is directed at the treatment of uncertainty, the evaluation of consequences, and the choice of a decision rule for use in this context. An approach involving use of a decision rule based on the principle of maximizing expected utility, together with a complementary evaluation of the decision alternatives, is described, the latter involving analysis of the uncertainty regarding the probabilities and consequences of different fire scenarios.


Keyword(s):

decision analysis, bayesian methods, uncertainty, fire safety


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