Risk analysis using simulation for a chemical storage problem

✍ Scribed by Raymond F. Boykin; Reuven R. Levary

• Publisher: Elsevier Science
• Year: 1989
• Tongue: English
• Weight: 155 KB
• Volume: 2
• Category: Article
• ISSN: 0950-4230
• DOI: 10.1016/0950-4230(89)80007-5

✦ Synopsis

With the increasing complexity of chemical plants and the growing public concern for the safe manufacture, transport, and disposal of chemicals, there is a need to assist decision-makers in project evaluation with regard to risk. Extensive work has been done in risk analysis methods development in the nuclear industry. The amount of research and applications of risk analysis methodology in the chemical industry is seriously lacking. Direct application of some of the risk analysis techniques used for nuclear risk studies is not always appropriate to the chemical industry. The use of simulation models to overcome some of the problems (e.g. time-dependent failure propagation) of the application of certain probabilistic risk assessment IPRA) methodologies is evaluated in this paper. A simulation model is developed for a toxic chemical storage system. The results of the simulation model are compared with the results of using standard fault tree methodology.