A Japanese court has ruled that Negligence by the state contributed to the triple Fukushima 2011 meltdown. So, this time it is not a negligence related to a landslide, a dam breach or a flood. It is negligence related to a major nuclear accident (Factual and Foreseeable Reliability of Tailings Dams and Nuclear Reactors -a Societal Acceptability Perspective) to be in the center of a lawsuit. As far as we know it is a first in the world. Negligence by…
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This blogpost is in follow up of Identical single accidents’ consequences can lead to diverging societal impacts and similarly, the Metaphoric description of risks and their perception. Nuclear Reactors: Let’s look at some accidents types, i,.e. c1, c2, c3. c1: Class 5+ accidents (Fukushima, Tschernobyl, Kyshtym disaster, Windscale fire, Three Mile Island accident, First Chalk River accident, and Lucens partial core meltdown) were likely to be interpreted as Sword of Damocles metaphor, but would likely be Medusa now. c2: Nuclear Waste storage can be…
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In this blogpost we discuss Riskope’s participation to the 2014 International Symposium on Business and Management. Riskope’s participation to the 2014 International Symposium on Business and Management We decided Riskope’s participation to the 2014 International Symposium on Business and Management in Nagoya last winter. We strongly believe that our proprietary Optimum Risk Estimates (ORE) methodology has to be brought to the attention of an increasing number of industries and decision-makers world-wide. ORE allows to enhance governance and leadership. It transforms…
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Some Buzz-words and their meaning. Antifragile Black Swan A new word: Antifragile. It seems like Mr. Taleb has coined a new word: “antifragile.” “Fragile” is the opposite of “robust”. Taleb adds the antifragile word to describe a system that thrives—its performance actually improves— under stress. Taleb’s new book mostly considers the notions of fragility and antifragility in biological, medical, economic, and political systems. Under that definition it is difficult to imagine an engineering systems that would be antifragile? Engineers have…
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Reviewing Car accidents, cold, more examples of biased and misleading FMEA/PIGs results adds to prior information published in this blogpost. In particular we show how results of a Risk assessment matrix 5×5 or 4×4 can actually cloud our judgement. Car accidents, cold, more examples of biased and misleading FMEA/PIGs results Dear X, Thank you for asking us to review your draft Risk Assessment for the ACME Inc. operation. I reviewed your FMEA/PIG risk matrix 4×4 and have the following remarks. Note if…
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