Risk Management with Applications from the Offshore Petroleum Industry
Publication year: 2007
: 978-1-84628-653-7
Risk management is a process to assist in the decision-making. The risk management process takes the potential hazards as a starting point, in order to identify suitable arrangements and measures for accident prevention and emergency response in case of an incident. Risk management is a useful approach to satisfy functional regulatory requirements to safety. Technological developments, organisational changes and increased demand for efficiency have influenced the vulnerability of our society. Thus, safety and risk management is becoming an important field. Risk Management with Applications from the Offshore Petroleum Industry presents an in-depth discussion of some fundamental principles of risk management, related to the use of expected values, uncertainty handling and risk acceptance criteria.
: Engineering, Decision making under uncertainty, Risk Acceptance, decision support, risk analysis, risk management, safety, uncertainty
