acceptable risk


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Related to acceptable risk: Risk assessment

acceptable risk

EBM
The risk in a clinical trial that is regarded as justifiable based on a cost-benefits analysis, which differs depending on the condition for which a product is being tested. A product for sore throat, for example, will be expected to have few side effects; on the other hand, adverse side effects would be an acceptable risk for a drug that manages a life-threatening and rapidly evolving condition (e.g., stage-IV melanoma).

Public health
The degree to which the probability of suffering disease or injury under a specific set of circumstances is viewed as being reasonable by an individual, group or society in exchange for the benefits of using a particular substance or process (which may cause said disease or injury). Acceptability of risk depends on scientific data; social, economic and political factors; and on the perceived benefits arising from a chemical or process that creates the risk in question.

Acceptable Risk

The risk in a clinical trial that is regarded as justifiable, based on a cost-benefit analysis, which differs depending on the condition for which a product is being tested. A product for sore throat, for example, will be expected to have few side effects. On the other hand, adverse side effects would be an acceptable risk for a drug that manages a life-threatening and rapidly evolving condition—e.g., stage IV melanoma.

acceptable risk

A tolerable level of harm or potential harm.
See also: risk

risk

the chance of an unfavorable event occurring.

acceptable risk
risk for which the benefits rank larger than the potential hazards.
at risk
that part of a total population which is subject to the disease being reviewed, e.g. only milking cows are at risk to milk fever, only grazing cows to enzootic nasal granuloma.
risk aversion
reluctance to take risks.
risk factor
an attribute or exposure which increases the probability of occurrence of a disease or other outcome.
risk premium
the amount of money required to convince a person to take a specific risk.
risk ratio
the ratio of two risks.
relative risk
see relative risk.
specified risk materials
a term used in the US to denote tissues that can be infected with the agent of bovine spongiform encephalopathy (BSE), namely brain and spinal cord, spinal ganglia, retina, and terminal small intestine. Banned from inclusion in any feed stuff.
surgical risk
an animal that has poor general health and must be assessed as a poor survival risk to undergo major surgery or anesthesia.
References in periodicals archive ?
these guidelines provide some definitions to the line between realism and risk, and represent our commanders' judgment of acceptable risk.
The acceptable risk approach has been used in other regulatory contexts.
But AQMD officials say even with the new machines the cancer risk from perc fumes would be 15 to 90 in 1 million - still much higher than the acceptable risk of less than 10 in 1 million.
Outcomes data show that most forceps deliveries, especially if they are outlet or low-forceps deliveries, carry a very acceptable risk of morbidity.
A client that's an acceptable risk as a tax and compilation client presents a different level of risk in valuation.
Insiders now say that, behind closed doors, ministers consider the death toll of 75 people to be an acceptable risk.
Today, however, the norms of acceptable risk and expected reward are undergoing a dramatic evolution.
Under the definition of the process itself, an acceptable risk now becomes a criterion against which all risks need to be assessed.
The final section considers how competing middle-class and working-class notions of acceptable risk shaped the patterns of dialogue and conflict between miners and capitalists on the Comstock.
The MEGA Suite provides a GRC solution that helps companies gain control over their operations and maximize business performance within acceptable risk levels.
Contract awarded for review the evidence described by the international scientific and technical community to identify the technical criteria for establishing an acceptable risk value based on populations exposed to anthropogenic contaminants such as, arsenic, lead, chromium, cadmium, nickel, mercury and volatile organic compounds.
These ratings bear testament to AUB's strong underlying business fundamentals realised through effective and focused execution of its well defined strategies within a prudent and acceptable risk management framework.

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