Abstract:For facilities where hazardous events of high consequences can happen, quantitative risk analysis (QRA) is used to determine whether the risk is tolerable against the risk criteria of the operating company or local regulations. Specific risk reduction measures may need to be defined and evaluated based on the QRA. A risk analysis considering both consequences and frequencies is typically time‐consuming and requires the collection of sufficient information regarding process, equipment, operation methods, weathe… Show more
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