Decision Analysis Concerned With Investments In Fire Safety

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 maximising 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.

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