Archive for the ‘Risk Analysis’ Category

Quantitative Risk Assessment: Will Quantifying Risks Help You Minimize Them?

Wednesday, August 19th, 2009

How would you answer the following question: Is refinery A safer than refinery B? I know a few of you would recommend quantifying risks in each refinery. This will enable us to estimate how many fatalities (on-site and off-site) can occur in the two refineries. We can thus use the predicted ...