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Decision Making in Fire Risk Management

Tehler, Henrik LU (2001)
Abstract
Various normative decision theories are discussed in the context of fire risk management. A method suitable for practical decision making in respect to fire safety investments is presented and exemplified. The method involves the use of second-order probabilities to represent uncertainty regarding probability values. A discussion on the use of Bayes theorem in combination with decision analysis is also included. The two case studies the thesis includes involve decisions regarding investments in water sprinkler systems for facilities belonging to the companies ABB and Avesta Sheffield, respectively. Calculations of the net present value of these investments are dealt with in the case studies.
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author
supervisor
organization
publishing date
type
Thesis
publication status
published
subject
pages
56 pages
publisher
Lund University
language
English
LU publication?
yes
id
8237ce19-296a-45fe-a556-8f2c0ad44a1c (old id 1786100)
date added to LUP
2011-02-11 09:36:09
date last changed
2018-05-29 12:10:02
@misc{8237ce19-296a-45fe-a556-8f2c0ad44a1c,
  abstract     = {Various normative decision theories are discussed in the context of fire risk management. A method suitable for practical decision making in respect to fire safety investments is presented and exemplified. The method involves the use of second-order probabilities to represent uncertainty regarding probability values. A discussion on the use of Bayes theorem in combination with decision analysis is also included. The two case studies the thesis includes involve decisions regarding investments in water sprinkler systems for facilities belonging to the companies ABB and Avesta Sheffield, respectively. Calculations of the net present value of these investments are dealt with in the case studies.},
  author       = {Tehler, Henrik},
  language     = {eng},
  note         = {Licentiate Thesis},
  pages        = {56},
  publisher    = {Lund University},
  title        = {Decision Making in Fire Risk Management},
  year         = {2001},
}