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A Short Overview of Risk Analysis Background and Recent Developments
Citation
Villa, V and Paltrinieri, N and Khan, F and Cozzani, V, A Short Overview of Risk Analysis Background and Recent Developments, Dynamic Risk Analysis in the Chemical and Petroleum Industry: Evolution and Interaction with Parallel Disciplines in the Perspective of Industrial Application, Elsevier, N Paltrinieri & F Khan (ed), Netherlands, pp. 3-12. ISBN 978-012803823-9 (2016) [Research Book Chapter]
DOI: doi:10.1016/B978-0-12-803765-2.00001-9
Abstract
The objective of this review is to analyze the advances in risk analysis during the past 30 years and to offer an overview on its recent progress and applications for chemical and process industries. Although the general approach of quantitative risk assessment (QRA) remains unchanged since its origin, QRA has continuously evolved in different forms. Its fields of application have enlarged significantly beyond process safety, becoming a fundamental tool for the development, continued operation, and expansion of process installations. On the other hand, QRA limitations, such as its inability to update the risk picture, led to the development of recent dynamic risk assessment approaches, for which methodological contributions are introduced in this chapter. This demonstrates that risk analysis is in continuous development, but a way forward leading to real-time support to decision-making is suggested.
Item Details
Item Type: | Research Book Chapter |
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Keywords: | chemical process industry, dynamic risk assessment, QRA, risk analysis |
Research Division: | Commerce, Management, Tourism and Services |
Research Group: | Banking, finance and investment |
Research Field: | Investment and risk management |
Objective Division: | Expanding Knowledge |
Objective Group: | Expanding knowledge |
Objective Field: | Expanding knowledge in engineering |
UTAS Author: | Khan, F (Professor Faisal Khan) |
ID Code: | 140145 |
Year Published: | 2016 |
Deposited By: | NC Maritime Engineering and Hydrodynamics |
Deposited On: | 2020-07-29 |
Last Modified: | 2020-07-29 |
Downloads: | 0 |
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