Question 1       Discuss  in detail the quantitative risk evaluation technique, including both  cut-set probabilities of system failure and the economics management  t

            Question 1       

1. Discuss  in detail the quantitative risk evaluation technique, including both  cut-set probabilities of system failure and the economics management  theory equation of expected values. Your response should be at least 300 words in length. 

            Question 2       

1. Describe in detail the eight-step risk assessment methodology. Your response should be at least 300 words in length.