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There is no such thing as a black swan process incident

Citation

Amyotte, P and Margeson, A and Chiasson, A and Khan, FI, There is no such thing as a black swan process incident, Hazards 24 Institution of Chemical Engineers Symposium Series, 7-9 May 2014, Edinburgh, United Kingdom, pp. 12-21. ISSN 0307-0492 (2014) [Non Refereed Conference Paper]


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Abstract

There should be no surprises with respect to catastrophic occurrences in the process industries unless knowledge deficiencies exist. The current paper examines documentation supporting this assertion and attempts to demonstrate that there is no such thing as a black swan incident in the process industries. Recent process safety literature shows that warning signs are always present prior to an incident and that we must train employees to practice within an effective safety culture. Research has also shown there is a fine line between information and knowledge, and that we must distinguish between the two before making high-risk decisions. In a knowledge society, therefore, there should be no black swans; all individuals in a company hierarchy must learn to detect warning signs.

Item Details

Item Type:Non Refereed Conference Paper
Keywords:black swan, high consequence, low probability, process incident, warning sign, black swan, high consequence, knowledge society, low probability, process industries, process safety, safety culture, warning signs, safety engineering
Research Division:Engineering
Research Group:Interdisciplinary Engineering
Research Field:Risk Engineering (excl. Earthquake Engineering)
Objective Division:Expanding Knowledge
Objective Group:Expanding Knowledge
Objective Field:Expanding Knowledge in Engineering
Author:Khan, FI (Professor Faisal Khan)
ID Code:120754
Year Published:2014
Deposited By:NC Maritime Engineering and Hydrodynamics
Deposited On:2017-08-30
Last Modified:2017-10-17
Downloads:0

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