Abstract:This paper outlines a decision support model based on Evidential Reasoning (ER) and Cost-Benefit-Analysis (CBA) to support the assessment of risk control measures for pipeline loss of containment following third party damage. The model identifies the main Risk Control Options (RCOs) as basic attributes, which are grouped into three categories: technical or technological, governmental and managerial solutions. The CBA examines the costs associated with the loss of containment in regard to human safety, the econ… Show more
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