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Risk analysis of a petrochemical industry using ORA (optimal risk analysis) procedure
Author(s) -
Khan Faisal I.,
Iqbal Asad,
Abbasi S. A.
Publication year - 2001
Publication title -
process safety progress
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.378
H-Index - 40
eISSN - 1547-5913
pISSN - 1066-8527
DOI - 10.1002/prs.680200207
Subject(s) - risk analysis (engineering) , petrochemical , risk assessment , engineering , process (computing) , order (exchange) , computer science , operations research , business , computer security , waste management , finance , operating system
Risk assessment is an essential prelude to the development of accident prevention strategies in any chemical process industry. But, the high costs and time involved in conducting risk assessment by conventional techniques often becomes a deterrent. In order to circumvent this problem, the authors have developed a risk analysis methodology based on a set of reliable rapid techniques and tools. The suitability of the methodology, named by us ORA (Optimal Risk Analysis), has been demonstrated by applying it to a real‐life situation.