Industrial Risk Assessment and its Applications to Commercial Explosives

A major characteristic that distinguishes modern society from its predecessors is the understanding that events are not driven by the whims of the gods, pre-ordained fate or nature, but are controlled to a greater or lesser extent by the actions, (or inactions), of people. The study of risk assessment is the basis for determining risk or the likelihood of an event occurring combined with the consequences of that event if it does occur. This study is indubitably linked to the mathematics of probability and statistics which permits the quantification of risk. As the Industrial Revolution significantly increased the exposure of persons to new types of energy sources, materials, equipment, and means of more rapid transportation of goods and people, quantitative risk assessment became a vital tool in protecting workers and the general public exposed to these new technologies.