1984
DOI: 10.1287/mnsc.30.4.512
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Risk Assessment in a Chemical Storage Facility

Abstract: A risk assessment was performed to assist in the evaluation of equipment improvements for a chemical storage facility. The risk assessment was accomplished through the use of several different methodologies e.g., fault tree analysis, event trees, and risk perspective techniques. The result of the study was a new alternative for a chemical storage facility. This new alternative eliminated the requirement for a large storage facility and reduced the capital project cost by over 10 million dollars.risk assessment… Show more

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Cited by 14 publications
(7 citation statements)
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“…For these reasons, they are similar, in complexity, to integrated assessment models used by other decision‐support tools in the environmental sciences (e.g., in climatic change studies). Moreover, this way of proceeding is similar to the modus operandi of quantitative risk assessment in the nuclear, space, and chemical sectors . A first difficulty associated with LCA is the cross‐comparison and validation of the results obtained.…”
Section: Introductionmentioning
confidence: 93%
See 1 more Smart Citation
“…For these reasons, they are similar, in complexity, to integrated assessment models used by other decision‐support tools in the environmental sciences (e.g., in climatic change studies). Moreover, this way of proceeding is similar to the modus operandi of quantitative risk assessment in the nuclear, space, and chemical sectors . A first difficulty associated with LCA is the cross‐comparison and validation of the results obtained.…”
Section: Introductionmentioning
confidence: 93%
“…Moreover, this way of proceeding is similar to the modus operandi of quantitative risk assessment in the nuclear, space, and chemical sectors. (15)(16)(17) A first difficulty associated with LCA is the cross-comparison and validation of the results obtained. Even studies compliant with the ISO 14044 standard series on LCA (11) and dealing with identical systems showed large differences in the assessed impacts.…”
Section: Introductionmentioning
confidence: 99%
“…For additional details and examples of fault and event tree construction, we refer to Henley and Kumamoto (1981), Vesely et al (1981), and Rhyne (1994). Boykin et al (1984) applied FETA to analyze the risks associate with the selection of technology alternatives in the chemical storage system. Pet-Armacost et al (1999) used FETA in conjunction with two Monte Carlo simulations (one uses spreadsheet add-in @RISK and the other uses discrete event simulation software ARENA) to conduct a transportation risk analysis of Hydrazine in order to determine whether or not a relief valve should be used.…”
Section: Logical Diagram-based Techniquesmentioning
confidence: 99%
“…In the U.S. nuclear industry, the safety categorization of SSCs follows the procedures of 10 CRF 5059 and is risk informed, that is, it makes use of the insights gained from a probabilistic safety assessment (PSA) model . PSA models allow decisionmakers to estimate the risk metric of interest in a variety of applications, from chemical to nuclear to space risk assessment problems…”
Section: Introductionmentioning
confidence: 99%