eprintid: 14111 rev_number: 6 eprint_status: archive userid: 5 dir: disk0/00/01/41/11 datestamp: 2016-12-07 15:34:57 lastmod: 2021-08-27 17:41:42 status_changed: 2016-12-07 15:34:57 type: article metadata_visibility: show item_issues_count: 1 creators_name: Kunreuther, H.C. creators_name: Linnerooth-Bayer, J. creators_name: Vaupel, J.W. creators_id: AL1609 creators_id: 1354 creators_id: AL1336 title: A Decision-Process Perspective on Risk and Policy Analysis ispublished: pub divisions: prog_ruc abstract: Risk analysis and policy analysis can play important roles in facilitating the siting of potentially hazardous facilities if one recognizes the descriptive features of the decision process. The case of siting a liquified natural gas (LNG) facility in California illustrates the multi-party sequential nature of the process and the role that widely differing risk estimates play in fueling conflicts between stakeholders. Risk analysis does have a useful function in clarifying the nature of the potential losses, particularly if rules of evidence are instituted for evaluating different studies. Policy analysis can facilitate the negotiation process by the use of compensation to redistribute gains and losses between the different parties. Examples from case studies are presented to illustrate the challenges for risk analysis and policy analysis in the siting process. date: 1984 date_type: published publisher: INFORMS id_number: doi:10.1287/mnsc.30.4.475 creators_browse_id: 2572 creators_browse_id: 182 creators_browse_id: 2478 full_text_status: none publication: Management Science volume: 30 number: 4 pagerange: 475-485 refereed: TRUE issn: 0025-1909 coversheets_dirty: FALSE fp7_type: info:eu-repo/semantics/article citation: Kunreuther, H.C. , Linnerooth-Bayer, J. , & Vaupel, J.W. (1984). A Decision-Process Perspective on Risk and Policy Analysis. Management Science 30 (4) 475-485. 10.1287/mnsc.30.4.475 .