• DocumentCode
    3478449
  • Title

    Interdisciplinary Aspects of Cost-Risk Tradeoffs

  • Author

    Marshall, Peter W.

  • Author_Institution
    4718 Hallmark #702, Houston, Texas 77056
  • fYear
    2006
  • fDate
    18-21 Sept. 2006
  • Firstpage
    1
  • Lastpage
    6
  • Abstract
    The paper focuses on offshore failures and historical cost-risk tradeoffs, including societal and environmental consequences. Cost-benefit analysis has long been used by the Corps of Engineers to design and justify their levee systems. The 9th-19th and 21st-21.2 editions of API RP 2A based their selection of oceanographic criteria on generic cost-risk analysis. Post-Cullen safety cases in the North Sea use such concepts as ALARP and ICAF. We examine the question of how well they hold up when the failure consequences are measured in billions of dollars
  • Keywords
    cost-benefit analysis; oceanography; risk management; ALARP; API RP 2A; ICAF; North Sea; cost-benefit analysis; environmental consequences; historical cost-risk tradeoffs; levee systems; oceanographic criteria; offshore failures; societal consequences; Bridges; Costs; Drilling; Educational institutions; Fires; Hurricanes; Marine vehicles; Petroleum; Production; Safety;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    OCEANS 2006
  • Conference_Location
    Boston, MA
  • Print_ISBN
    1-4244-0114-3
  • Electronic_ISBN
    1-4244-0115-1
  • Type

    conf

  • DOI
    10.1109/OCEANS.2006.306980
  • Filename
    4098836
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=3478449