Elements Of Risk Analysis In Non-Linear Utility Theory

1984 ◽  
Vol 22 (2) ◽  
pp. 81-97
Author(s):  
Peter Fishburn
Keyword(s):  
Risk Analysis ◽  
Utility Theory ◽  
Non Linear ◽  
Linear Utility

scholarly journals ECONOMICS OF RANDOMNESS: BEHAVIORAL ASPECTS OF DECISION MAKING UNDER RISK

2017 ◽  
Vol 9 (2) ◽  
pp. 7-14
Author(s):  
Alexander Krasilnikov
Keyword(s):  
Decision Making ◽  
Risk Analysis ◽  
Uncertainty Analysis ◽  
Expected Utility ◽  
Utility Theory ◽  
Expected Utility Theory ◽  
Probabilistic Methods ◽  
Risk And Uncertainty ◽  
Decision Making Under Risk ◽  
History Of

The paper discusses evolution of the concept of risk in economics. History of probabilistic methods and approaches to risk and uncertainty analysis is considered. Expected utility theory, behavioral approaches, heuristic models and methods of neuroeconomics are analyzed. Author investigates stability of neoclassical program related to risk analysis and suggests further directions of development.

scholarly journals A Logit Model with Non-Linear Utility Functions

2003 ◽  
Vol 20 ◽  
pp. 493-500
Author(s):  
Shoichiro NAKAYAMA ◽  
Jun-ichi TAKAYAMA ◽  
Yuichiro YAMASHITA
Keyword(s):  
Logit Model ◽  
Utility Functions ◽  
Non Linear ◽  
Linear Utility ◽  
Linear Utility Functions

New Design Basis for the Design of High Pressure Polyethylene Reactor Bay Using an Explosion Risk Analysis and Non Linear Finite Analysis

2010 ◽  
Author(s):  
Christophe Catala ◽  
Cedric Allemand ◽  
Michel Moine ◽  
Laurent Paris ◽  
Nicolas Salau¨n ◽  
...  
Keyword(s):  
High Pressure ◽  
Risk Analysis ◽  
Detection Efficiency ◽  
Atmospheric Dispersion ◽  
Concrete Wall ◽  
Element Analysis ◽  
Non Linear ◽  
Explosion Overpressure ◽  
High Pressure Polyethylene ◽  
Explosion Risk

High pressure technology used for the production of Low Density Polyethylene (LDPE) requires a particularly high degree of safety to protect both reactor and surroundings from an accidental event. For this reason, historically, such tubular reactors have been enclosed in roofless bunkers designed on empirical data. Recent improvement in production capacities, scientific knowledge and calculation tools now allows historic designs of these concrete structures to be challenged. The study we have conducted has offered a better understanding of the mechanisms involved in case of an accidental release of ethylene (ventilation and atmospheric dispersion conditions, gas detection efficiency) and subsequent explosion inside the reactor bay (maximum overpressure, impulsion duration, etc…). The methodology, using a combination of an explosion risk analysis (with help of 3D CFD tool) and a non linear finite element analysis (NLFEA) calculation tool has made it possible to define a clear and new basis of design for the enclosure walls to explosion overpressure loads. This in turn also offers new possibilities for an optimisation of the concrete wall thickness and design.

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