How well correlated are PHMSA reportable incident consequences with PIR? more interesting work from Joel Anderson CoF_vs_PIR_vs_Class
Topic: Analyses
Decision Trees and Risk Assessment
An interesting contribution from Joel Anderson Pipeline Risk algorithms can take in hundreds of variables and perform hundreds more calculations to determine the probability of failure for a given segment of pipe. Trying to determine what threats are biggest contributor to a system’s risk or even over the length of a given line can be […]
Getting in the Ballpark
There exists a type of risk analysis that is even more preliminary than a rudimentary assessment. This might be termed more of a risk conceptualization rather than assessment and is based solely on basic deductive reasoning. Illustrated by an example, an analyst may posit that a pipeline’s future risks will mirror the losses shown by […]