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Analyzing Risk

Engineers designing major projects must often grapple with large areas of uncertainty. One possible source of help is risk analysis, which is being applied in a growing number of important projects, such as nuclear power plants and waste repositories. Probabilistic risk assessment of nuclear power p...

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Published in:Civil engineering (New York, N.Y. 1983) N.Y. 1983), 1991-12, Vol.61 (12), p.66-68
Main Authors: McGuire, Robin K, Toro, Gabriel R, Sewell, Robert T
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Language:English
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container_title Civil engineering (New York, N.Y. 1983)
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creator McGuire, Robin K
Toro, Gabriel R
Sewell, Robert T
description Engineers designing major projects must often grapple with large areas of uncertainty. One possible source of help is risk analysis, which is being applied in a growing number of important projects, such as nuclear power plants and waste repositories. Probabilistic risk assessment of nuclear power plants is a multidisciplinary application of risk analysis that has been used extensively in the US. Offshore platforms are commonly evaluated using a probabilistic reliability analysis. This method considers environmental loads on the structure, inaccuracy in modeling loads, and structural capacity as random quantities and evaluates the likelihood of failure or other undesirable outcomes, such as excessive deformation. Developments in computational algorithms allow probabilistic reliability analyses that use realistic representations of the random quantities and mathematical models to be done at reasonable costs.
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identifier ISSN: 0885-7024
ispartof Civil engineering (New York, N.Y. 1983), 1991-12, Vol.61 (12), p.66-68
issn 0885-7024
2381-0688
language eng
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source ABI/INFORM Global
subjects Algorithms
Civil engineering
Nuclear power plants
Offshore oil wells
Projects
Risk
Risk assessment
Techniques
title Analyzing Risk
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