Decision making under uncertainty - a case study
by Saminehsadat Bitaraf; Mohammad Shahriari
International Journal of Risk Assessment and Management (IJRAM), Vol. 18, No. 1, 2015

Abstract: Oil production and handling is blamed for serious accidents. Hence safety issues are of prime importance as any possible accident could cause catastrophic disasters such as loss of assets, human fatalities or injuries and environmental damages. The essence of designing a safe process plant and delivering sustainable performance makes an efficient risk management plan necessary for promoting safety in hazardous industries such as oil production. The aim of this paper is an attempt to present an efficient model to provide an appropriate decision making approach under uncertain situations. An oil field development plant is selected as a case to apply the presented model to demonstrate its efficiency. It was found that the model has the ability to support decision makers in the oil and gas industry to take appropriate action by addressing the key variables which may cause potential for failure.

Online publication date: Sat, 09-May-2015

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Risk Assessment and Management (IJRAM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com