Conference Session

Engineering and Public Policy II

Collection

2013 ASEE Annual Conference & Exposition

Authors

Andrew J Bates, Polytechnic Institute of New York University

Tagged Divisions

Engineering and Public Policy

probability of the engineered product’s impact to society, times the consequence ofthe product; or to construct or operate the same with full cognizance of the design; or to forecastthe behavior under specific operating conditions; with respect to its intended function, economicsof operation or safety to life and property, or other probability/statistical likelihood functions.Risk Engineering as a discipline acknowledges that uncertainty as a concept is unknowable andmore importantly for engineering, indeterminate. Risk Engineering replaces this indeterminacywith the twin concepts of process variability and data/knowledge gaps for internal project risksand shareholder risk for those external acts, inclusive of the environment, whoseactions/inactions