ABSTRACT

Risk analysis entails the assessment of event consequences. This chapter starts with analytical methods for consequence assessment, such as cause-consequence diagrams, and follows them with separate sections on valuation including economic valuation, property damage, and human life loss as the primary focus. The chapter also briefly introduces other consequence types such as valuation of disability, health and injuries, tort and professional liability, indirect losses, public health and ecological impacts, dispersion and spread of consequences, and time-delayed consequences.