Decision quality related to emergency shutdown system in the oil and gas industry: influences from data and information
by Pengyu Zhu; Jayantha P. Liyanage; Rajesh Kumar; Sukhvir Singh Panesar
International Journal of Decision Sciences, Risk and Management (IJDSRM), Vol. 10, No. 1/2, 2021

Abstract: In today's industrial contexts more and more datasets are collected and stored under various conditions, contributing to the growing challenge for identifying truly valuable data and information to improve decision quality, particularly in relation to safety related risk. From that perspective, this paper studies emergency shutdown (ESD) systems aiming at identifying how data and information affect decision quality around the ESD system, for the purpose of improving current maintenance and inspection practice. The study was performed in close collaboration with industrial partners. The paper elaborates on a novel approach challenging the traditional practice related to safety-critical systems in industrial assets. The framework developed can be adopted by asset operators, equipment suppliers, as well as technology and service providers who can capitalise on the unexplored potential of data and information in traditional decision regimes related to ESD systems.

Online publication date: Mon, 13-Sep-2021

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 Decision Sciences, Risk and Management (IJDSRM):
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