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  • kak33 replied to the topic Risk management methods in the forum Risk Analysis for Medical Devices 7 years, 5 months ago

    Another method used is Expected Damage-Cost Analysis (EDCA). This method evaluates how often different hazards occur and ultimately estimates the damage cost per year. Results also include suggestions for precautionary measures such as investments and design/planning. This method takes into account the frequency of different hazards and a factor of vulnerability. Furthermore, human variables, technique, environment and economic consequences for the production environment are studies.