Risk can be calculated using the following equation: Risk = Probability of Hazard x Degree of Vulnerability. There are different ways of dealing with risk, such as: Risk Acceptance: an informed decision to accept the possible consequences and likelihood of a particular risk. The relationship between hazards and disasters can be understood using the hazard risk equation. The risk of disaster rises if the hazard magnitude rises (e.g. VEI 6 eruption compared with a VEI 3). If vulnerability rises (poverty, lack of preparedness, lack of awareness of potential hazards,) so does risk; risk = (hazard x vulnerability)/capacity to cope What is a hazard risk? Edexel Geography remark A2 - Help IGCSE CIE Geography predictions 2018 ? Urgent help need with geography question plssss quadratic equation study resources Did anyone do Edexcel Geography AS? Would I be able to study law with these subjects??? How much Maths involved in BSc Geography? For instance, risk analysts often define risk as the product of the probability of an event’s occurrence and its magnitude (i.e., probability × magnitude = risk), while hazards researchers in geography and other disciplines tend to view this relationship as including an exponent to account for social values or societal impacts (i.e., probability × magnitude n), although n may be difficult to measure. Similarly, much discussion in the literature deals with defining Hazard: A threat (whether natural or human) that has the potential to cause loss of life, injury, property damage, socio-economic disruption or environmental degradation. Hazard event: The occurrence (realisation) of a hazard, the effects of which change demographic, economic and/or environmental conditions. A hazard is a source or a situation with the potential for harm in terms of human injury or ill-health, damage to property, damage to the environment, or a combination of these. Hazards at work may include noisy machinery, a moving forklift, chemicals, electricity, working at heights, a repetitive job, or inappropriate behaviour that adversely affects a worker’s safety and health. Relative to Workplace and Process Safety, risk and the risk equation can be represented as: A combination of the consequences (I.e., outcome) of an event (including changes in circumstances) and the associated chance of something happening (I.e., likelihood or probability). Risk Equation is: Risk = [Consequence] * [Likelihood] For example, one dictionary defines hazard as "a danger or risk" which helps explain why many people use the terms interchangeably. There are many definitions for hazard but the most common definition when talking about workplace health and safety is: A hazard is any source of potential damage, harm or adverse health effects on something or Hazard risks - economic, social and environmental consequences. Hazards can have economic, social and environmental consequences. For each hazard event the risks, or probability, of a particular Hazard, vulnerability and risk analysis . This case study is intended to illustrate the meaning of hazard, vulnerability and risk, using a very simple data set on the national-scale of Colombia (South America). The occurrence of a disaster depends on two factors: hazard: the probability of occurrence of a potentially damaging phenomenon, vulnerability: the degree of loss resulting from the
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