ALARP and CBA all in the same game

The concept of reducing risk As Low As Reasonably Practicable (ALARP) as presented by the UK Health and Safety Executive for the purpose of discharging its decision-taking responsibilities and the principle of balancing cost and benefits through monetary Cost Benefit Analysis (CBA) which is used more widely in health and safety decision-making seem to occupy the extremes of the decision making spectrum. ALARP seems on the qualitative, holistic,...