Risk Assessment

Tools, Techniques, and Their Applications

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Author: Lee T. Ostrom,Cheryl A. Wilhelmsen

Publisher: John Wiley & Sons

ISBN: 1118309634

Category: Technology & Engineering

Page: 416

View: 7248

All the tools needed to perform a thorough risk assessment—whether you're working in insurance, forensics, engineering, or public safety Risk analysis is the method of analyzing the dangers to individuals, businesses, and government agencies posed by potential natural and man-made hazards. The central task of the risk assessor is predicting the success of a project. This includes isolating the entire spectrum of adverse events that can derail a project or threaten the health and safety of individuals, organizations, and the environment. Designed as a practical, in-the-field toolkit, Risk Assessment details every aspect of how a risk assessment is performed, showing the proper tool to be used at various steps in the process, as well as locating the tool that best fits the risk assessment task at hand. Examining not only the very nature of risks and consequences, with fascinating historical examples, the book progresses from simple to more complex risk assessment techniques used by the authors in their daily work, all presented in a form that can be readily adapted to any number of real-life situations: Ecological Risk Assessment Task Analysis Techniques Preliminary Hazards Analysis Failure Mode and Effects Analysis Human Reliability Analysis Critical Incident Technique With numerous industry-specific case studies, as well as additional case studies for risk assessments for a restaurant and a process plant, the book provides readers with complete examples of how each of the techniques can be used in a variety of real-world situations. Including downloadable worksheets and other useful assessment materials, as well as guidance on using PRA software, this unparalleled reference offers all the tools and techniques needed to conduct a thorough and accurate assessment of risk.

Risk Assessment

Tools, Techniques, and Their Applications

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Author: Lee T. Ostrom,Cheryl A. Wilhelmsen

Publisher: John Wiley & Sons

ISBN: 111830960X

Category: Technology & Engineering

Page: 416

View: 6762

Risk and Precaution

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Author: Alan Randall

Publisher: Cambridge University Press

ISBN: 1139494791

Category: Business & Economics

Page: N.A

View: 8692

The precautionary principle has been labeled simplistic and the rational approach to decision-making under risk was modeled on well-specified games of chance. How then are we to manage the risks, uncertainties, and 'unknown unknowns' of the real world? In this book, Alan Randall unravels the key controversies surrounding the precautionary principle and develops a new framework that can be taken seriously in policy and management circles. Respecting the complexity of the real world, he defines a justifiable role for the precautionary principle in a risk management framework that integrates precaution with elements of the standard risk management model. This is explained using examples from medicine, pharmacy, synthetic chemicals, nanotechnology, the environment and natural resources conservation. This carefully reasoned but highly accessible book will appeal to readers from a broad range of disciplines, including environmental policy, risk management and cost-benefit analysis.

Risk Analysis in Engineering

Techniques, Tools, and Trends

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Author: Mohammad Modarres

Publisher: CRC Press

ISBN: 1420003496

Category: Technology & Engineering

Page: 424

View: 1087

Based on the author’s 20 years of teaching, Risk Analysis in Engineering: Techniques, Tools, and Trends presents an engineering approach to probabilistic risk analysis (PRA). It emphasizes methods for comprehensive PRA studies, including techniques for risk management. The author assumes little or no prior knowledge of risk analysis on the part of the student and provides the necessary mathematical and engineering foundations. The text relies heavily on, but is not limited to, examples from the nuclear industry, because that is where PRA techniques were first developed. Since PRA provides a best-estimate approach, the author pays special attention to explaining uncertainty characterization. The book begins with a description of the basic definitions and principles of risk, safety, and performance and presents the elements of risk analysis and their applications in engineering. After highlighting the methods for performing PRAs, the author describes how to assess and measure performance of the building blocks of PRAs, such as reliability of hardware subsystems, structures, components, human actions, and software. He covers methods of characterizing uncertainties and methods for propagating them through the PRA model to estimate uncertainties of the results. The book explores how to identify and rank important and sensitive contributors to the estimated risk using the PRA and performance assessment models. It also includes a description of risk acceptance criteria and the formal methods for making decisions related to risk management options and strategies. The book concludes with a brief review of the main aspects, issues, and methods of risk communication. Drawing on notes, homework problems, and exams from courses he has taught as well as feedback from his students, Professor Modarres provides a from-the-trenches method for teaching risk assessment for engineers. This is a textbook that is easy to use for students and professors alike.

Country Risk Evaluation

Methods and Applications

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Author: Kyriaki Kosmidou,Michael Doumpos,Constantin Zopounidis

Publisher: Springer Science & Business Media

ISBN: 0387766804

Category: Business & Economics

Page: 120

View: 2040

Financial globalization has increased the significance of methods used in the evaluation of country risk, one of the major research topics in economics and finance. Written by experts in the fields of multicriteria methodology, credit risk assessment, operations research, and financial management, this book develops a comprehensive framework for evaluating models based on several classification techniques that emerge from different theoretical directions. This book compares different statistical and data mining techniques, noting the advantages of each method, and introduces new multicriteria methodologies that are important to country risk modeling. This work is a useful toolkit for economists, financial managers, bank managers, operations researchers, management scientists, and risk analysts. Moreover, the book can also be used as a supplementary textbook for graduate courses in finance and financial risk management.

Understanding the Basics of QSAR for Applications in Pharmaceutical Sciences and Risk Assessment

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Author: Kunal Roy,Supratik Kar,Rudra Narayan Das

Publisher: Academic Press

ISBN: 0128016337

Category: Medical

Page: 484

View: 3215

Understanding the Basics of QSAR for Applications in Pharmaceutical Sciences and Risk Assessment describes the historical evolution of quantitative structure-activity relationship (QSAR) approaches and their fundamental principles. This book includes clear, introductory coverage of the statistical methods applied in QSAR and new QSAR techniques, such as HQSAR and G-QSAR. Containing real-world examples that illustrate important methodologies, this book identifies QSAR as a valuable tool for many different applications, including drug discovery, predictive toxicology and risk assessment. Written in a straightforward and engaging manner, this is the ideal resource for all those looking for general and practical knowledge of QSAR methods. Includes numerous practical examples related to QSAR methods and applications Follows the Organization for Economic Co-operation and Development principles for QSAR model development Discusses related techniques such as structure-based design and the combination of structure- and ligand-based design tools

Offshore Risk Assessment

Principles, Modelling and Applications of QRA Studies

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Author: Jan-Erik Vinnem

Publisher: Springer Science & Business Media

ISBN: 1846287170

Category: Technology & Engineering

Page: 578

View: 2256

Offshore Risk Assessment was the first book to deal with quantified risk assessment (QRA) as applied specifically to offshore installations and operations. This book is a major revision of the first edition. It has been informed by a major R&D programme on offshore risk assessment in Norway (2002-2006). Not only does this book describe the state-of-the-art of QRA, it also identifies weaknesses and areas that need development.

Risk Assessment

Theory, Methods, and Applications

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Author: Marvin Rausand

Publisher: John Wiley & Sons

ISBN: 1118281101

Category: Computers

Page: 664

View: 9340

An introduction to risk assessment that utilizes key theory and state-of-the-art applications With its balanced coverage of theory and applications along with standards and regulations, Risk Assessment: Theory, Methods, and Applications serves as a comprehensive introduction to the topic. The book serves as a practical guide to current risk analysis and risk assessment, emphasizing the possibility of sudden, major accidents across various areas of practice from machinery and manufacturing processes to nuclear power plants and transportation systems. The author applies a uniform framework to the discussion of each method, setting forth clear objectives and descriptions, while also shedding light on applications, essential resources, and advantages and disadvantages. Following an introduction that provides an overview of risk assessment, the book is organized into two sections that outline key theory, methods, and applications. Introduction to Risk Assessment defines key concepts and details the steps of a thorough risk assessment along with the necessary quantitative risk measures. Chapters outline the overall risk assessment process, and a discussion of accident models and accident causation offers readers new insights into how and why accidents occur to help them make better assessments. Risk Assessment Methods and Applications carefully describes the most relevant methods for risk assessment, including preliminary hazard analysis, HAZOP, fault tree analysis, and event tree analysis. Here, each method is accompanied by a self-contained description as well as workflow diagrams and worksheets that illustrate the use of discussed techniques. Important problem areas in risk assessment, such as barriers and barrier analysis, human errors, and human reliability, are discussed along with uncertainty and sensitivity analysis. Each chapter concludes with a listing of resources for further study of the topic, and detailed appendices outline main results from probability and statistics, related formulas, and a listing of key terms used in risk assessment. A related website features problems that allow readers to test their comprehension of the presented material and supplemental slides to facilitate the learning process. Risk Assessment is an excellent book for courses on risk analysis and risk assessment at the upper-undergraduate and graduate levels. It also serves as a valuable reference for engineers, researchers, consultants, and practitioners who use risk assessment techniques in their everyday work.

Risk Assessment

A Practical Guide to Assessing Operational Risks

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Author: Georgi Popov,Bruce K. Lyon,Bruce Hollcroft

Publisher: John Wiley & Sons

ISBN: 1118911040

Category: Business & Economics

Page: 480

View: 2174

Covers the fundamentals of risk assessment and emphasizes taking a practical approach in the application of the techniques Written as a primer for students and employed safety professionals covering the fundamentals of risk assessment and emphasizing a practical approach in the application of the techniques Each chapter is developed as a stand-alone essay, making it easier to cover a subject Includes interactive exercises, links, videos, and downloadable risk assessment tools Addresses criteria prescribed by the Accreditation Board for Engineering and Technology (ABET) for safety programs

System Safety Engineering and Risk Assessment

A Practical Approach, Second Edition

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Author: Nicholas J. Bahr

Publisher: CRC Press

ISBN: 1466551615

Category: Technology & Engineering

Page: 443

View: 332

We all know that safety should be an integral part of the systems that we build and operate. The public demands that they are protected from accidents, yet industry and government do not always know how to reach this common goal. This book gives engineers and managers working in companies and governments around the world a pragmatic and reasonable approach to system safety and risk assessment techniques. It explains in easy-to-understand language how to design workable safety management systems and implement tested solutions immediately. The book is intended for working engineers who know that they need to build safe systems, but aren’t sure where to start. To make it easy to get started quickly, it includes numerous real-life engineering examples. The book’s many practical tips and best practices explain not only how to prevent accidents, but also how to build safety into systems at a sensible price. The book also includes numerous case studies from real disasters that describe what went wrong and the lessons learned. See What’s New in the Second Edition: New chapter on developing government safety oversight programs and regulations, including designing and setting up a new safety regulatory body, developing safety regulatory oversight functions and governance, developing safety regulations, and how to avoid common mistakes in government oversight Significantly expanded chapter on safety management systems, with many practical applications from around the world and information about designing and building robust safety management systems, auditing them, gaining internal support, and creating a safety culture New and expanded case studies and "Notes from Nick’s Files" (examples of practical applications from the author’s extensive experience) Increased international focus on world-leading practices from multiple industries with practical examples, common mistakes to avoid, and new thinking about how to build sustainable safety management systems New material on safety culture, developing leading safety performance indicators, safety maturity model, auditing safety management systems, and setting up a safety knowledge management system

Risk Assessment and Decision Analysis with Bayesian Networks, Second Edition

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Author: Norman Fenton,Martin Neil

Publisher: CRC Press

ISBN: 1351978969

Category: Mathematics

Page: 704

View: 9997

Since the first edition of this book published, Bayesian networks have become even more important for applications in a vast array of fields. This second edition includes new material on influence diagrams, learning from data, value of information, cybersecurity, debunking bad statistics, and much more. Focusing on practical real-world problem-solving and model building, as opposed to algorithms and theory, it explains how to incorporate knowledge with data to develop and use (Bayesian) causal models of risk that provide more powerful insights and better decision making than is possible from purely data-driven solutions. Features Provides all tools necessary to build and run realistic Bayesian network models Supplies extensive example models based on real risk assessment problems in a wide range of application domains provided; for example, finance, safety, systems reliability, law, forensics, cybersecurity and more Introduces all necessary mathematics, probability, and statistics as needed Establishes the basics of probability, risk, and building and using Bayesian network models, before going into the detailed applications A dedicated website contains exercises and worked solutions for all chapters along with numerous other resources. The AgenaRisk software contains a model library with executable versions of all of the models in the book. Lecture slides are freely available to accredited academic teachers adopting the book on their course.

Environmental Risk Assessment

A Toxicological Approach

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Author: Ted Simon

Publisher: CRC Press

ISBN: 1466598301

Category: Medical

Page: 406

View: 4480

The purpose of risk assessment is to support science-based decisions about how to solve complex societal problems. The problems we face in the twenty-first century have many social, political, and technical complexities. Environmental risk assessment in particular is of increasing importance as a means of seeking to address the potential effects of chemicals in the environment in both the developed and developing world. Environmental Risk Assessment: A Toxicological Approach examines various aspects of problem formulation, exposure, toxicity, and risk characterization that apply to both human health and ecological risk assessment. The book is aimed at the next generation of risk assessors and students who need to know more about developing, conducting, and interpreting risk assessments. It delivers a comprehensive view of the field, complete with sufficient background to enable readers to probe for themselves the science underlying the key issues in environmental risk. Written in an engaging and lively style by a highly experienced risk assessment practitioner, the text: Introduces the science of risk assessment—past, present, and future Covers problem formation and the development of exposure factors Explains how human epidemiology and animal testing data are used to determine toxicity criteria Provides environmental sampling data for conducting practice risk assessments Examines the use of in vitro and ‘omics methods for toxicity testing Describes the political and social aspects of science-based decisions in the twenty-first century Includes fully worked examples, case studies, discussion questions, and links to legislative hearings Readers of this volume will not only learn how to execute site-specific human health and ecological risk assessments but also gain a greater understanding of how science is used in deciding environmental regulations.

Offshore Risk Assessment vol 1.

Principles, Modelling and Applications of QRA Studies

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Author: Jan-Erik Vinnem

Publisher: Springer Science & Business Media

ISBN: 1447152077

Category: Technology & Engineering

Page: 570

View: 7846

Offshore Risk Assessment was the first book to deal with quantified risk assessment (QRA) as applied specifically to offshore installations and operations. Risk assessment techniques have been used for more than three decades in the offshore oil and gas industry, and their use is set to expand increasingly as the industry moves into new areas and faces new challenges in older regions. This updated and expanded third edition has been informed by a major R&D program on offshore risk assessment in Norway and summarizes research from 2006 to the present day. Rooted with a thorough discussion of risk metrics and risk analysis methodology, subsequent chapters are devoted to analytical approaches to escalation, escape, evacuation and rescue analysis of safety and emergency systems. Separate chapters analyze the main hazards of offshore structures: fire, explosion, collision, and falling objects as well as structural and marine hazards. Risk mitigation and control are discussed, as well as an illustration of how the results from quantitative risk assessment studies should be presented. The third second edition has a stronger focus on the use of risk assessment techniques in the operation of offshore installations. Also decommissioning of installations is covered. Not only does Offshore Risk Assessment describe the state of the art of QRA, it also identifies weaknesses and areas that need further development. This new edition also illustrates applications or quantitative risk analysis methodology to offshore petroleum applications. A comprehensive reference for academics and students of marine/offshore risk assessment and management, the book should also be owned by professionals in the industry, contractors, suppliers, consultants and regulatory authorities.

Leveraging Applications of Formal Methods, Verification and Validation. Specialized Techniques and Applications

6th International Symposium, ISoLA 2014, Imperial, Corfu, Greece, October 8-11, 2014, Proceedings

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Author: Tiziana Margaria,Bernhard Steffen

Publisher: Springer

ISBN: 3662452316

Category: Computers

Page: 644

View: 5568

The two-volume set LNCS 8802 and LNCS 8803 constitutes the refereed proceedings of the 6th International Symposium on Leveraging Applications of Formal Methods, Verification and Validation, ISoLA 2014, held in Imperial, Corfu, Greece, in October 2014. The total of 67 full papers was carefully reviewed and selected for inclusion in the proceedings. Featuring a track introduction to each section, the papers are organized in topical sections named: evolving critical systems; rigorous engineering of autonomic ensembles; automata learning; formal methods and analysis in software product line engineering; model-based code generators and compilers; engineering virtualized systems; statistical model checking; risk-based testing; medical cyber-physical systems; scientific workflows; evaluation and reproducibility of program analysis; processes and data integration in the networked healthcare; semantic heterogeneity in the formal development of complex systems. In addition, part I contains a tutorial on automata learning in practice; as well as the preliminary manifesto to the LNCS Transactions on the Foundations for Mastering Change with several position papers. Part II contains information on the industrial track and the doctoral symposium and poster session.

Computational Toxicology

Methods and Applications for Risk Assessment

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Author: Bruce A. Fowler

Publisher: Academic Press

ISBN: 012396508X

Category: Computers

Page: 274

View: 9120

Computational Toxicology: Methods and Applications for Risk Assessment is an essential reference on the translation of computational toxicology data into information that can be used for more informed risk assessment decision-making. This book is authored by leading international investigators who have real-world experience in relating computational toxicology methods to risk assessment. Key topics of interest include QSAR modeling, chemical mixtures, applications to metabolomic and metabonomic data sets, toxicogenomic analyses, applications to REACH informational strategies and much more. The examples provided in this book are based on cutting-edge technologies and set out to stimulate the further development of this promising field to offer rapid, better and more cost-effective answers to major public health concerns. Authored by leading international researchers engaged in cutting-edge applications of computational methods for translating complex toxicological data sets into useful risk assessment information Incorporates real-world examples of how computational toxicological methods have been applied to advance the science of risk assessment Provides the framework necessary for new technologies and fosters common vocabularies and principles upon which the effects of new chemical entities should be compared

Health and Environmental Risk Assessment

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Author: P. F. Ricci,M. D. Rowe

Publisher: Elsevier

ISBN: 1483286312

Category: Business & Economics

Page: 313

View: 5058

Process and input-output analysis have emerged as the two principal methods of analyzing health risks of energy technologies. This book describes applications and differences between these two methods with discussions of sources or error and uncertainty, data limitations and some solutions to common problems. Its goals are to provide understanding of the strengths and weaknesses of the methods and to provide a basis for standardizing risk assessment for energy policy analysis. Sections of the book describe risk analysis and develop issues common to both the process and input-output methods, describe data bases and their limitations, discuss use of environmental models for generating environmental information not available in data bases, describe applications of the methods in case studies, and discuss the state-of-the-art of the two models and opportunities for combining them to take advantage of their relative strengths and weaknesses.

Multi-Criteria Decision Analysis

Environmental Applications and Case Studies

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Author: Igor Linkov,Emily Moberg

Publisher: CRC Press

ISBN: 1439853185

Category: Business & Economics

Page: 204

View: 4856

Environmental management is often complicated and multidisciplinary and the issues that arise can be difficult to solve analytically. Often, decision makers take ad hoc approaches, which may result in the ignoring of important stakeholder opinions or decision criteria. Multi-criteria decision analysis (MCDA) provides a framework by which these types of decisions can be made but, despite being used effectively in many fields, it is not often used in environmental management. Given the novelty and inherent applicability of this decision making framework to the environmental field, there is a need for more teaching tools for MCDA. In particular, there is a need for a case study based approach to help readers navigate the many MCDA methods and decide how to apply them to a specific case. Through a collection of case studies, Multi-Criteria Decision Analysis: Environmental Applications and Case Studies gives readers the tools to apply cutting-edge MCDA methods to their own environmental projects. It offers an overview of the types of MCDA available and a conceptual framework of how it is applied, with the focus on its applicability for environmental science. Taking an in-depth look at the case of sediment management, the book introduces different steps of MCDA processes—from problem formulation and model development to criteria weighing and alternative scoring. The authors then explore the case using various MCDA methods, which allows readers to see clearly how the methodologies differ and gain a better understanding of the mechanistic operation of the analysis. A series of case studies in nanotechnology collectively demonstrate the application of MCDA in situations of high variability and uncertainty that require the integration of technical information and expert judgment—an area where MCDA clearly shines. The authors describe multiple decisions—from risk classification to value of information analysis to the assessment of potential research and funding investments—that readers may face in dealing with emerging environmental threats. Demonstrating the broad applicability of MCDA methods for different types of cases, the book presents a series of case studies ranging from oyster restoration to oil spill response. In conjunction with these cases, the book also provides corresponding decision models that are implemented by the DECERNS software and allow users to examine the same case using multiple MCDA tools. The DECERNS software and models are available for download at www.crcpress.com. Intended both as a research and teaching tool, this book inspires creative thinking when applying MCDA to complicated environmental issues.

Bioavailability of Contaminants in Soils and Sediments:

Processes, Tools, and Applications

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Author: Committee on Bioavailability of Contaminants in Soils and Sediments,National Research Council,Division on Earth and Life Studies,Water Science and Technology Board

Publisher: National Academies Press

ISBN: 0309086256

Category: Technology & Engineering

Page: 432

View: 1275

Bioavailability refers to the extent to which humans and ecological receptors are exposed to contaminants in soil or sediment. The concept of bioavailability has recently piqued the interest of the hazardous waste industry as an important consideration in deciding how much waste to clean up. The rationale is that if contaminants in soil and sediment are not bioavailable, then more contaminant mass can be left in place without creating additional risk. A new NRC report notes that the potential for the consideration of bioavailability to influence decision-making is greatest where certain chemical, environmental, and regulatory factors align. The current use of bioavailability in risk assessment and hazardous waste cleanup regulations is demystified, and acceptable tools and models for bioavailability assessment are discussed and ranked according to seven criteria. Finally, the intimate link between bioavailability and bioremediation is explored. The report concludes with suggestions for moving bioavailability forward in the regulatory arena for both soil and sediment cleanup.

Evaluating Country Risks for International Investments

Tools, Techniques and Applications

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Author: Ephraim Clark

Publisher: World Scientific Publishing Company

ISBN: 9789813224933

Category: Business & Economics

Page: 564

View: 9306

This unique volume presents a trailblazing project of country risk analysis for international investments. It develops an innovative range of tools and techniques on the cutting edge of financial theories and practices for assessing and incorporating country/political risk in cross-border investment strategies. These tools and techniques address the nature of country risk as a broad concept that comprises an underlying combination of economics, finance, geopolitics, sociology, and history.