Improving occupational health and safety risk evaluation through decision analysis

Risk matrices (RMs) are extensively used for risk management, namely in occupational health and safety (OHS) settings, despite suffering from well‐known methodological problems. The IRIS approach (improving RMs) proposes to overcome those problems throughout the construction of value RMs (VRMs) that shift the basis of risk analysis from probability versus impact to probability versus “impact value.” This article describes the real‐world...