How to Design Rating Schemes of Risk Matrices: A Sequential Updating Approach
Abstract
Risk matrices have been widely used as a risk evaluation tool in many fields due to their simplicity and intuitive nature. Designing a rating scheme, i.e., determining the number of ratings used in a risk matrix and assigning different ratings to different cells, is an essential part of risk matrix construction. However, most of the related literature has focused on applying a risk matrix to various fields, instead of researching how to design...
Paper Details
Title
How to Design Rating Schemes of Risk Matrices: A Sequential Updating Approach
DOI
Published Date
Apr 12, 2017
Journal
Volume
38
Issue
1
Pages
99 - 117
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