Integrating Risk and Economic Information To Better Inform Risk Management Decision-making. L. Blake-Hedges, U.S. Environmental Protection Agency; and J.-W. Ileka, Environment Canada
Recently, a workshop organized in co-operation with the OECD on May 1-2, 2000 in Arlington, VA, brought together risk assessors, risk managers, and economists from governmental and private organizations. This group explored opportunities to better integrate the inputs and outputs from risk and economic analyses and, as an outcome, produced a set of Recommendations and Principles for integrating risk and socioeconomic information. This paper discusses, from an economist’s perspective, the outcome of that workshop and its impact in the process of risk-management. The paper also presents issues and challenges for integrating risk and socioeconomic information identified at the workshop. Finally, while risk assessment and socio-economic analysis both independently provide information to risk management decision-making, the paper stresses that information provided to risk managers can be strengthened by additionally coordinating these analyses.
Go to . . .
2000 SRA Annual Meeting Table of Contents
2000 SRA Annual Meeting Author Index
Main Abstracts Menu Page
RiskWorld Home Page