Validity and validation of safety-related quantitative risk analysis: A review

Quantitative risk analysis (QRA) is widely applied in several industries as a tool to improve safety, as part of design, licensing or operational processes. Nevertheless, there is much less academic research on the validity and validation of QRA, despite their importance both for the science of risk analysis and with respect to its practical implication for decision-making and improving system safety. In light of this, this paper presents a...