Risk management: integration of social and technical risk variables into safety assessments of LWR'S

A risk management methodology is developed here to formalize the acceptability levels of commercial LWR power plants via the estimation of risk levels acceptable to the public and the integration of such estimates into risk-benefit analysis. Utility theory is used for developing preference models based on value trade-offs among multiple objectives and uncertainties about the impact of alternatives. The method involves reducing the various variables affecting safety acceptability decisions to a single function that provides a metric for acceptability levels. The function accomondates for technical criteria related to design and licensing decisions, as well as public reactions to certain choices