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BL
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| Record Number
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662292
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| Doc. No
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dltt
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| Main Entry
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Reniers, Genserik L. L.
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| Title & Author
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Operational Safety Economics : : A Practical Approach focused on the Chemical and Process Industries.
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| Page. NO
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1 online resource (339 pages)
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| ISBN
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9781118871515
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: 1118871510
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: 9781118871546
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: 1118871545
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9781118871539
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1118871537
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| Notes
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Description based upon print version of record
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4.1.9 Impact of Intuition on Decision-making
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| Contents
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Cover; Title Page; Copyright; Contents; Preface; Disclaimer; Acknowledgements; List of Acronyms; Chapter 1 Introduction; 1.1 The ""Why"" of Operational Safety; 1.2 Back to the Future: the Economics of Operational Safety; 1.3 Difficulties in Operational Safety Economics; 1.4 The Field of Operational Safety within the Profitability of an Organization; 1.5 Conclusions; References; Chapter 2 Operational Risk, Operational Safety, and Economics; 2.1 Defining the Concept of Operational Risk; 2.2 Dealing with Operational Risks; 2.3 Types of Operational Risk
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2.4 The Importance of Operational Safety Economics for a Company2.5 Balancing between Productivity and Safety; 2.6 The Safety Equilibrium Situation or ""HRO Safety""; 2.6.1 HRO Principle 1: Targeted at Disturbances; 2.6.2 HRO Principle 2: Reluctant for Simplification; 2.6.3 HRO Principle 3: Sensitive toward Implementation; 2.6.4 HRO Principle 4: Devoted to Resiliency; 2.6.5 HRO Principle 5: Respectful for Expertise; 2.7 The Egg Aggregated Model (TEAM) of Safety Culture; 2.8 Safety Futures; 2.9 The Controversy of Economic Analyses
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2.10 Scientific Requirements for Adequate Economic Assessment Techniques2.11 Four Categories of Data; 2.12 Improving Decision-making Processes for Investing in Safety; 2.13 Conclusions; References; Chapter 3 Economic Foundations; 3.1 Macroeconomics and Microeconomics; 3.2 Safety Demand and Long-term Average Cost of Production; 3.2.1 Safety Demand; 3.2.2 Long-term Average Cost of Production and Safety; 3.3 Safety Value Function; 3.4 Expected Value Theory, Value at Risk, and Safety Attitude; 3.4.1 Expected Value Theory; 3.4.2 Value at Risk; 3.4.3 Safety Attitude; 3.5 Safety Utilities
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3.5.1 Safety Utility Functions3.5.2 Expected Utility and Certainty Equivalent; 3.6 Measuring Safety Utility Functions; 3.7 Preferences of Safety Management -- Safety Indifference Curves; 3.8 Measuring Safety Indifference Curves; 3.8.1 Questionnaire-based Type I Safety Indifference Curves; 3.8.2 Problems with Determining an Indifference Curve; 3.8.3 Time Trade-off-based Safety Utilities for Type II Safety Indifference Curves; 3.9 Budget Constraint and n-Dimensional Maximization Problem Formulation
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3.10 Determining Optimal Safety Management Preferences within the Budget Constraint for a Two-dimensional Problem3.11 Conclusions; References; Chapter 4 Operational Safety Decision-making and Economics; 4.1 Economic Theories and Safety Decisions; 4.1.1 Introduction; 4.1.2 Expected Utility Theory; 4.1.3 Prospect Theory; 4.1.4 Bayesian Decision Theory; 4.1.5 Risk and Uncertainty; 4.1.6 Making a Choice Out of a Set of Options; 4.1.7 Impact of Affect and Emotion in the Process of Making a Choice between Alternatives; 4.1.8 Influence of Regret and Disappointment on Decision-making
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| Subject
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Chemical industry-- Risk assessment.
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| Subject
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Chemical industry-- Safety measures.
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| Dewey Classification
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660
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| LC Classification
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TP200.R435 2016
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| Added Entry
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Van Erp, H. R. Noel.
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Ohio Library and Information Network.
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