Risk Management: With Applications from the Offshore Petroleum Industry

Author:   Terje Aven ,  Jan-Erik Vinnem
Publisher:   Springer London Ltd
Edition:   Softcover reprint of hardcover 1st ed. 2007
ISBN:  

9781849966382


Pages:   200
Publication Date:   28 October 2010
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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Risk Management: With Applications from the Offshore Petroleum Industry


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Overview

Risk management is a decision-making process which considers various factors with risk assessments relating to a potential hazard, in order to develop regulatory response options. 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. This book discusses some fundamental principles of risk management, related to the use of expected values, uncertainty handling and risk acceptance criteria. A decision framework for risk management is developed that provides a structure for the classification of risk decision problems and a procedure for the execution of the related decision-making processes. Examples from the offshore petroleum industry are included to illustrate the use of the framework. This book is a valuable resource for graduate students and researchers in risk management, practitioners in the industry, engineering managers and regulatory authorities.

Full Product Details

Author:   Terje Aven ,  Jan-Erik Vinnem
Publisher:   Springer London Ltd
Imprint:   Springer London Ltd
Edition:   Softcover reprint of hardcover 1st ed. 2007
Dimensions:   Width: 15.50cm , Height: 1.10cm , Length: 23.50cm
Weight:   0.454kg
ISBN:  

9781849966382


ISBN 10:   1849966389
Pages:   200
Publication Date:   28 October 2010
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Risk Management Principles and Methods — Review and Discussion.- A Risk Management Framework for Decision Support under Uncertainty.- Applications — Concept Optimisation.- Applications — Operations Phase.- Applications — Choice of Disposal Alternative.- Applications — Risk Indicators, National Level.- The Success Factors — Discussion.

Reviews

From the reviews: This book is about making decisions in the face of risks and uncertainties and they outline the challenges that go with this process of decision making. ! has come around successfully in presenting its theme, theories and applications of risk management, more so to an off-shore gas and oil industry and would like to recommend to all risk analysts and managers. ! would also be found useful by the students and teachers at universities in pursuing or teaching a risk management course. (Krishna B. Misra, International Journal of Performability Engineering, Vol. 4 (3), 2008)


Author Information

Terje Aven is Professor of Risk Analysis and Management at University of Stavanger, Norway. He is also a Principal Researcher at Rogaland Research, Norway. His professional career includes experience in the petroleum industry (Statoil) in addition to his time in research and education. His research interests include decision support tools, risk management, risk acceptance, reliability and risk analysis methods, and risk assessments reflecting human and organizational factors. He is a member of the Norwegian Academy of Technological Sciences. He has been awarded several prizes for his research and teaching activities. Jan Erik Vinnem is Professor II of Risk Analysis at University of Stavanger, Norway. He is also a specialist advisor and CEO of Preventor AS, a consultancy to the Norwegian offshore industry. His professional career includes experience in the petroleum industry (Statoil and Total), and work as a private consultant (as the founder of Safetec Nordic AS and Preventor AS), in addition to his time in research and education. His research interests include decision support tools, risk management, risk acceptance, risk analysis methods, and risk assessments reflecting human and organizational factors.

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