Article ID: | iaor201111231 |
Volume: | 97 |
Issue: | 1 |
Start Page Number: | 36 |
End Page Number: | 46 |
Publication Date: | Jan 2012 |
Journal: | Reliability Engineering and System Safety |
Authors: | Marhavilas P K, Koulouriotis D E |
Keywords: | time series: forecasting methods, energy |
An individual method cannot build either a realistic forecasting model or a risk assessment process in the worksites, and future perspectives should focus on the combined forecasting/estimation approach. The main purpose of this paper is to gain insight into a risk prediction and estimation methodological framework, using the combination of three different methods, including the proportional quantitative‐risk‐assessment technique (PRAT), the time‐series stochastic process (TSP), and the method of estimating the societal‐risk (SRE) by