Corresponding author der OTH Regensburg
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Natural and technological hazards have a major impact on environmental and human safety. Risk assessment plays an essential role in the risk management of the effects of such hazards. This contribution summarizes first the general formulation of risk depending on two parameters: hazard probability and associated consequences. Problems faced in industrial applications based on the experience of the author are discussed. Risk acceptance criteria for the contributors to risk i.e. human, economic and environment are critically reviewed. Resilience based criteria are also included and conclusions for future developments are provided.