| About this Abstract |
| Meeting |
Materials Science & Technology 2019
|
| Symposium
|
Failure Analysis: Industry Specific Failures
|
| Presentation Title |
The Perfect Storm Effects on Catastrophic Events |
| Author(s) |
Robert O'Shea, Kent L. Johnson |
| On-Site Speaker (Planned) |
Robert O'Shea |
| Abstract Scope |
When dealing with the normal, everyday, statistical risk evaluation events, the methodologies currently at hand are quite successful for analyzing those jeopardies. When conditions fall into an extreme value type of event, Risk Mitigation become considerably more difficult to properly handle. When faced with a known extreme value event, a qualitative Generalized Extreme Value (GEV) approach is essential to help to avoid a high consequence loss. It is precisely during these extreme value events that most losses of high consequence statistically occur. |