GG231 Midterm: GG231 – Midterm
Document Summary
The probability that a specific damaging event will happen within a particular period of time. Focus on the phenomena or the physical agents & processes that are considered as threats. Natural vs. unnatural hazard: natural: earthquakes, tsunamis, volcanoes, floods & fires, unnatural (caused by humans): pandemics, warfare & technological disasters (i. e. regional power failures) Risk: exposure to danger, adverse or undesirable prospects & the conditions that contribute to danger: the product of the probability of a hazardous event & the expected damage if the event does occur. Risk analysis: considers the probability that a hazardous event will occur & its possible consequences, including death, injury & property damage. Risk is a function of 4 factors hazard, vulnerability, coping capacity & exposure. Vulnerability: the susceptibility of people & property to a hazardous event & is commonly thought of as having technological & human dimensions.
