ABSTRACT
This book is primarily about business risk modelling. But it would not give a proper perspective without some discussion of the quantitative techniques used to estimate and control safety risk, that is, the risk of people being killed or injured. We saw in the previous chapter that a prime use of risk models is to explore downside risk, and it is no surprise that this has been done in great detail where the potential downside is so serious. A key question is how to take account of the risk of death and injury in making decisions. The political, social, cultural and ethical dimensions of this, when set alongside the managerial dimension, contribute to making this an issue that many have struggled with, without reaching any real consensus.
