A framework for risk-based assessment using loss functions

• Main Authors: Mohd. Nor, Shadiah Husna, Ahmad, Arshad
• Format: Conference or Workshop Item
• Published: AIDIC 2016
• Subjects: TP Chemical technology
• Online Access: http://eprints.utm.my/id/eprint/66984/; http://che.utm.my/
• Institution: Universiti Teknologi Malaysia

This paper presents a quantitative risk assessment method using loss function that enables the analysis of operational performance in chemical processes. This method helps to overcome the existing challenges in assessing impacts of deviations of process variables. In this paper, the modified inverte...