“…However, all aforementioned techniques and some more have the common objective, which is improving the safety performance of a system or a process to be under acceptable level or threshold level like as ALARP (as low as reasonably practicable). Many scholars have been used the probabilistic risk assessment techniques in different industrial sectors, which help decision makers for risk and safety assessment of an undesired event, eg, FTA, 6-8 ETA, 9,10 Bow-tie, 11,12 and Bayesian updating mechanism. 4,5 The different technique, which is mentioned earlier, can be employed for each step due to improving the safety performance of the system.…”