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This article is concerned with the application of human statistical techniques to risk engineering in the electricity distribution system in Australia. It examines legal negligence in terms of the cause of action, care and duty, and economic criteria. A mathematical hazard model of risk analysis...
Persistent link: https://www.econbiz.de/10014801392
Addresses modelling liability for legal negligence and the marginal cost of accidents, with special reference to the ageing and maintenance of the components of electric transmission and distribution lines. The methodology, which is based on the formula‐tion suggested by Judge Learned Hand,...
Persistent link: https://www.econbiz.de/10014806123
Persistent link: https://www.econbiz.de/10007825037