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Decision Analysis Framework for Risk Management of Crude Oil Pipeline System
Joint Authors
Vrijling, J. K.
van Gelder, P. H. A. J. M.
Dawotola, Alex W.
Source
Issue
Vol. 2011, Issue 2011 (31 Dec. 2011), pp.1-17, 17 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2011-12-22
Country of Publication
Egypt
No. of Pages
17
Main Subjects
Economics & Business Administration
Business Administration
Abstract EN
A model is constructed for risk management of crude pipeline subject to rupture on the basis of a methodology that incorporates structured expert judgment and analytic hierarchy process (AHP).
The risk model calculates frequency of failure and their probable consequences for different segments of crude pipeline, considering various failure mechanisms.
Specifically, structured expert judgment is used to provide frequency of failure assessments for identified failure mechanisms of the pipeline.
In addition, AHP approach is utilized to obtain relative failure likelihood for attributes of failure mechanisms with very low probability of occurrence.
Finally, the expected cost of failure for a given pipeline segment is estimated by combining its frequency of failure and the consequences of failure, estimated in terms of historical costs of failure from the pipeline operator’s database.
A real-world case study of a crude pipeline is used to demonstrate the application of the proposed methodology.
American Psychological Association (APA)
Dawotola, Alex W.& van Gelder, P. H. A. J. M.& Vrijling, J. K.. 2011. Decision Analysis Framework for Risk Management of Crude Oil Pipeline System. Advances in Decision Sciences،Vol. 2011, no. 2011, pp.1-17.
https://search.emarefa.net/detail/BIM-472978
Modern Language Association (MLA)
Dawotola, Alex W.…[et al.]. Decision Analysis Framework for Risk Management of Crude Oil Pipeline System. Advances in Decision Sciences No. 2011 (2011), pp.1-17.
https://search.emarefa.net/detail/BIM-472978
American Medical Association (AMA)
Dawotola, Alex W.& van Gelder, P. H. A. J. M.& Vrijling, J. K.. Decision Analysis Framework for Risk Management of Crude Oil Pipeline System. Advances in Decision Sciences. 2011. Vol. 2011, no. 2011, pp.1-17.
https://search.emarefa.net/detail/BIM-472978
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-472978