Making the business case for process safety using value-at-risk concepts

Journal of Hazardous Materials

Volumn 115, Issue 1-3 SPEC. ISS., 2004, Pages 17-26

  Fang, Jayming S ^a   Ford, David M ^a   Mannan, M Sam ^a  

^a Texas AandM University   (United States)

Author keywords

Chemical process safety; Damage index; Hazard index; Quantitative risk assessment; Value at risk

Indexed keywords

CHEMICAL INDUSTRY; HAZARDOUS MATERIALS; HAZARDS; RISK ASSESSMENT; RISK MANAGEMENT; RISKS;

CHEMICAL PROCESSES; HAZARD ANALYSIS; RISK EVALUATION; VALUE AT RISK (VAR);

ACCIDENT PREVENTION;

CHEMICAL INDUSTRY; HAZARD; RISK ASSESSMENT; SAFETY;

CHEMICAL INDUSTRY; CONFERENCE PAPER; DECISION MAKING; HAZARD ASSESSMENT; MATHEMATICAL COMPUTING; OCCUPATIONAL ACCIDENT; POLICY; PROBABILITY; QUANTITATIVE ANALYSIS; RISK ASSESSMENT; SAFETY; STOCHASTIC MODEL;

CHEMICAL INDUSTRY; HUMANS; MODELS, THEORETICAL; ORGANIZATIONAL OBJECTIVES; RISK ASSESSMENT; SAFETY MANAGEMENT;

EID: 7044224752     PISSN: 03043894     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jhazmat.2004.06.004     Document Type: Conference Paper

References (5)

1. Center for Chemical Process Safety of the American Institute of Chemical Engineers, Guidelines for Chemical Process Quantitative Risk Analysis, American Institute of Chemical Engineers, New York, 1989.
2. P. Jorion, Value at Risk: The New Benchmark for Managing Financial Risk, 2nd ed., McGraw-Hill, 2000.
3. Barbaro A.F., Bagajewicz M. Managing Financial Risk in Planning under Uncertainty. AIChE J. 50(5):2004;963-989
4. F.I. Khan, S.A. Abbasi, Hazard identification and ranking: a multi-attribute technique for hazard identification, Report CPCE/RA 22/97, Pondicherry University, Pondicherry, 1997.
5. Khan F.I., Abbasi S.A. Accident hazard index: a multi-attribute method for process industry hazard rating. Process Safety Environ. Protect.: Trans. Inst. Chem. Eng. Part B. 75(4):1997;217-224