Using Cross-Impact Analysis for Probabilistic Risk Assessment
Journal
Futures and Foresight Science
Subject
Management Science and Operations
Publishing details
Authors / Editors
Salo A;Tosoni E;Roponen;Bunn D W
Biographies
Publication Year
2022
Abstract
Cross-impact analysis is widely employed to inform management and policy decisions based on the formulation of scenarios which are defined as combinations of outcomes of relevant uncertainty factors. In this paper, we argue that the use of non-probabilistic variants of cross-impact analysis is problematic in the context of risk assessment where the aim usually is to produce conservative risk estimates which may exceed but are not smaller than the actual risk level. Then, building on the characterization of probabilistic dependencies, we develop an approach to probabilistic cross-impact analysis which (i) admits several kinds of probabilistic statements about the outcomes of relevant uncertainty factors and their dependencies; (ii) maps such statements into constraints on the joint probability distribution over all possible scenarios; (iii) provides support for preserving the consistency of elicited statements; and (iv) uses mathematical optimization to compute lower and upper bounds on the overall risk level. This approach{which is illustrated with an example from the context of nuclear waste repositories{is useful in that it retains the informativeness of cross-impact statements while ensuring that these statements are interpreted within the coherent framework of probability theory.
Available on ECCH
No
