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AbstractAbstract
[en] A probabilistic safety criterion specifies the maximum acceptable hazard rates of various accidental consequences. Assuming that the criterion depends also on the benefit of the process to society and on the licensing time applied, we can regard such statements as preference relations. In this paper, a probabilistic safety criterion is interpreted to mean that if the accident hazard rate is higher than the accident hazard rate criterion, then the optimal stopping time of a hazardous process is shorter than the licensing time. This interpretation yields a condition for a feasible utility function. In particular, we derive such a condition for the parameters of a linear plus exponential utility function. (orig.) (12 refs.)
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Mar 1997; 20 p; ISBN 951-22-3510-2; 

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