Quantitative and Qualitative Approaches to Risk Assessment and Analysis: Why Do Regulators Generally Rely on Quantitative Methods?

Download or read book Quantitative and Qualitative Approaches to Risk Assessment and Analysis: Why Do Regulators Generally Rely on Quantitative Methods? written by Deniz Tarsus and published by . This book was released on 2014-04-25 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2011 in the subject Sociology - Methodology and Methods, grade: 2, University of Leicester (Department of Sociology), course: Risk, Crisis and Disaster Management, language: English, abstract: The given question argues that there are two approaches to risk assessment and analysis, quantitative and qualitative, and asks why regulators generally rely on quantitative risk assessment and analysis. The essay examines the question by considering first what is meant by the terms risk, risk assessment and analysis, regulators and quantitative/qualitative approach to risk assessment and analysis. With reference to the latter terms, the essay then focuses on the analysis of advantages and disadvantages of both quantitative and qualitative approaches from the regulators' perspective. By comparison of both approaches the essay then concludes with why regulators generally rely on quantitative methods.