LCR risk analysis
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L*C=R. In this safety analysis method, how are the values of L, C, and R determined? And once R is calculated, how can the level of risk be assessed based on that value?
We have only used the LEC risk analysis method; what is LC?
The product of the likelihood of occurrence and the probability of occurrence
Isn’t this just the LEC analysis method? LEC also includes the probability of personnel being exposed to danger. Did the original poster get it wrong?
What the original poster meant by L*C=R is that L represents the probability of an accident occurring, C represents the severity of the consequences of that accident, and R represents the risk level. Isn’t it? If not, then it’s the LEC method. The probability of an accident occurring, L, can be determined using databases on the failure rates of industrial equipment; the severity of consequences, C, can be determined by referring to the relevant management regulations; and the risk level, R, can be established based on the risk matrix developed by the project owner. For the use of the LEC method, refer to the book “Safety Assessment”.