TITLE

Critical Review of a Risk Assessment Method and its Applications

AUTHOR(S)
Silvianita; John, Kurian V.; Khamidi, Mohd. Faris
PUB. DATE
June 2011
SOURCE
International Proceedings of Economics Development & Research;2011, Vol. 11, p83
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Risk is a complex issue with methods that are suitable for the decisions being made. Risk assessments tools are used for preparing a scientific basis to decrease the risk. There are several risk assessments tools and recently it is studied that the focus has been improved to the application of the integrated risk assessments tools. The tools currently used in risk assessments are HAZOP, FMEA, FTA and ETA. This paper studied the literature of the applications in various industries. Related paper publishing in the international journals are collected and analyzed so that the two questions can be answered: (I) what method of risk assessment was currently used? (ii) do the currently used tools can be formulated into integrated risk assessment tools? This paper not only explain evidence that the integrated risk assessment tools better than stand alone risk assessment tool, but also supports the researchers and decision makers in concerning the integrated risk assessment effectively.
ACCESSION #
74249588

 

Related Articles

  • GESTIóN DE RIESGO EN GERENCIAMIENTO DE PUENTES CON MODELOS DE DECISIóN MULTICRITERIO DISCRETAS. Galarraga, Jorge; Herz, Marcelo // Revista Internacional de Desastres Naturales, Accidentes e Infra;2008, Vol. 8 Issue 2, p151 

    Keeping more than 2000 bridges in the best operating conditions in a context of budget constraints requires a management system to allocate resources efficiently. Bridges are critical points in the road network because its closing or restriction of use involves disconnecting a road segment to...

  • Risky Choices and Correlated Background Risk. Tsetlin, Ilia; Winkler, Robert L. // Management Science;Sep2005, Vol. 51 Issue 9, p1336 

    The analysis of a risky project should take into account not only uncertainties about the return from that project ("project risk"), but also uncertainties associated with other ongoing projects and with exogenous factors that can impact final wealth ("background risk"). The presence of...

  • Identificación de causas de riesgo en la gestión de grandes proyectos de construcción en España. Rebollar.-Rubio, Rubén; Lidón.-López, Iván; Pérez.-Cebrián, Alfonso // DYNA - Ingeniería e Industria;nov/dic2012, Vol. 87 Issue 6, p689 

    Large construction projects are complex because they are exposed to many risks, so that only a small percentage of them end up in the cost and time planned. Therefore to avoid failure to meet targets on time, cost, scope and quality of these projects, it is necessary to carry out a proper risk...

  • A Collaborative Process Based Risk Analysis for Information Security Management Systems. Karabacak, Bilge; Ozkan, Sevgi // Proceedings of the International Conference on Information Warfa;2010, p182 

    Today, many organizations quote intent for ISO/IEC 27001:2005 certification. Also, some organizations are en route to certification or already certified. Certification process requires performing a risk analysis in the specified scope. Risk analysis is a challenging process especially when the...

  • Case study of fire risk management of tourist hotels. Ruei-JiunShiu; Shao-Tsai Cheng; I-Tsen Liu // Applied Mechanics & Materials;2014, Issue 580-583, p2727 

    Tourist hotels are part of service industry, thus fire safety issues are particularly important. Due to the complexity of the hotel's construction, most of the tourists are not familiar with the environment.In case of fire it would be hard for them to evacuate the building. Therefore, this study...

  • Quantitative risk assessment method of the domino effect in crude oil terminal pool fires. Xuerui Xu; Lei Guan; Xingzheng He // Advanced Materials Research;2014, Issue 1030-1032, p570 

    The study analyzes domino accident scenarios in crude oil terminal and establishes quantitative risk assessment steps to assess domino effects.

  • Inorganic substances screening and prioritization (ISSP) in risk assessment for mining operations. J. Pan; C. Oates; C. Ihlenfeld; J. Plant; N. Voulvoulis // Mineralogical Magazine;Feb2008, Vol. 72 Issue 1, p477 

    Metals have been central to the development of human civilization from the Bronze Age to the present although historically, mining and smelting have been the cause of local environmental pollution with the potential to harm human health. Despite problems from artisanal mining in some developing...

  • A Sociological Checklist for Assessing Environmental Health Risks. Benamouzig, Daniel; Borraz, Olivier; Jouzel, Jean-Noël; Salomon, Danielle // European Journal of Risk Regulation;2014, Vol. 5 Issue 1, p36 

    The article presents a study that evaluates the use of a sociological checklist in the assessment of risk that is contributory to risk perception and communication. The study is undertaken through the use of a questionnaire and other documents that measure risk perception. The results of the...

  • Identification of a competing risks model with unknown transformations of latent failure times. Sokbae Lee // Biometrika;Dec2006, Vol. 93 Issue 4, p996 

    This paper is concerned with identification of a competing risks model with unknown transformations of latent failure times. The model includes, as special cases, competing risks versions of proportional hazards, mixed proportional hazards and accelerated failure time models. It is shown that...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics