BAYESIAN STATISTICAL INFERENCE AS THE APPLICATION TO ENVIRONMENTAL RISK MANAGEMENT IN TERMS OF THE OIL-REFINING INDUSTRY
Article justifies the alternative tool to assess probability in terms of the oil-refining environmental risks. Authors give the mathematical framework for environmental risks’ assessment based on the Bayesian statistical inference and experimental data on the degree of pollution.
Authors: R. S. Goldberg, V. V. Yaschenko
Direction: Quality Management, innovation and crisis Management
Keywords: Risk management, Environmental risk, Bayesian statistical inference, Quantitative risk assessment
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