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
References in periodicals archive ?
This is a fact that always needs to be considered when looking at what is or isn't acceptable risk when it comes to sharps safety.
"If the capital cost and operating costs of energy systems can be reduced we can get commercial investors to see low-carbon energy as an acceptable risk. At the ETI, we address this by running technology demonstration projects focused on cost reduction.
He explains the development of written programs, the identification and mitigation of hazards, the development of a safe workforce through communications, and motivational techniques including behavior-based safety, involvement, and training, as well as tracking acceptable risk and how to comply with OSHA regulations.
Dubai The region's high net worth individuals seem to have changed their attitude towards investments regarding acceptable risk and expected rewards.
That was not an acceptable risk, thus these pleas."
IT'S a thorny question all parents face: when it comes to keeping your kids safe just what is an acceptable risk? Is it allowing them to the shops on their own?
From a business point of view then, it becomes an acceptable risk to cut back on the level of cover at a fire station at a time when it appears not to be needed.
In his latest book, Take the Risk: Learning to Identify, Choose, and Live with Acceptable Risk (Zondervan; $19.99), Carson, who is also professor of neurosurgery, oncology, plastic surgery, and pediatrics for Johns Hopkins School of Medicine, examines the good and bad of his own life-and-death, risk-taking decisions in the operating room and in his personal life.
Shepherd: Acceptable risk is tweaking a successful show.
* Manages ONS investments, along with the Board and other advisors, to attain targeted return at acceptable risk
The bank - which said Mr Kerr's resignation was unrelated to the move - claimed the customers had a "higher than acceptable risk profile".
It claimed the customers, who represent 7% of its 2m credit cardholders, had a "higher than acceptable risk profile".