BOWTIE ANALYSIS AS A TOOL FOR VISUALIZATION OF THE RISK SCENARIO
Journal Title: MEST Journal - Year 2018, Vol 0, Issue 2
Abstract
The article aims to apply the bowtie analysis to the visualization of the development of a specific scenario of the combined risk. Its authors build on their previous work, where they started with the typology, interactions and the definition of the combined risk and determined the probability of formation of the combined risk. The aim of the present article is the visualization of the scenario where a natural event triggers the release of dangerous chemicals by the application of the bowtie analysis. It was achieved by using two well-known methods of the risk analysis – the fault tree analysis and event tree analysis. Through the methods used, the authors obtained the basic model trees for the causes and consequences. The next step, as an addition to the used method, was to establish particular barriers that could be used to decrease the probability of a top event or to decrease the consequences. This information is the best basis for further analyses of the phenomenon of the combined risk (when a natural disaster triggers the release of dangerous goods).
Authors and Affiliations
Katarina Petrlova
Keywords
Related Articles
- EP ID EP507257
- DOI 10.12709/mest.06.06.02.12
- Views 111
- Downloads 0
THE EUROPEAN UNION: THE BUILDING OF A NATION
The European Union is an organization in a constant evolution with periods of stagnation. It has recently achieved high levels of integration that logically will be followed with a greater political integration. The Unio...
CONSTRUCTION OF RAILWAY TRANSPORT CORRIDORS IN BULGARIA BY PROMOTING PUBLIC-PRIVATE PARTNERSHIP
One of the main problems that hinder the development of railway transport in countries such as Bulgaria is the lack of a fully liberalized market. As a result of the review of the Trans-European Transport Network Corrido...
BOOK REVIEW OF OFFER AND SODERBERG’S: THE NOBEL FACTOR
This book tells everything that anyone could ever want to know about the Nobel Prize in Economics. It delves into the history and sociology of this award. It gives the background of the behind the scene political machina...
CORPORATE TAX INCENTIVES IN TRANSITORY ECONOMIES: CASE OF THE REPUBLIC OF SERBIA AND REPUBLIC OF MACEDONIA
Tax incentives are one often used tool by low-income countries for attracting capital and money into their economies. Usually, formerly closed economies during their transition to open-market economies use different form...
INTERNATIONAL AND SERBIAN LEGAL FRAMEWORK OF THE RIGHT TO PRIVACY IN CYBERSPACE
With the usage of the Internet, transmission of digital data and information has become even easier. As soon as certain personal information is published on the Internet, it becomes public and available to anyone to read...