The paper concerns the ValueSec methodology and tool which support decisions related to the security measures selection in different application contexts. The ValueSec project, financed by the European Commission Seventh Framework Programme (FP7), considers security measures which properly affect risk, are cost effective, bring benefits and are free of different restrictions (political, social,...

This paper investigates the risk exposure arising from the supplier evaluation criteria of cost, quality, delivery, and flexibility. An integrated method of Fuzzy Decision Making Trial and Evaluation Laboratory (FDEMATEL) and Fuzzy Analytical Network Process (FANP), which is able to address interaction and feedback effects between the criteria and subjectivity in the decision rating, is used to...

Some people prefer to make risky decisions in their live, such as for avocation or even everyday decision making. Since Bauer first presented the conception of perceived risk in the decision making of consumer behavior, the role of perceived risk in product choice has attracted much attention and decisions such as choosing unknown objects have been known to be risky. Here in this study, we focu...

This chapter considers the natural hazard Risk Manager as an agent for choosing between interventions that affect the impact of future hazards. As such, it is possible to proceed broadly quantitatively, and to set aside the many less-quantifiable concerns that arise during a period of real-time hazard management. Thus the aim is to describe a framework in which it is possible to address questio...

At the invitation of Prof. Robert Bea, of the Deepwater Horizon Study Group (DHSG), the following technical summary of the "Golden Zone" concept (Buller et al, 2005; Nadeau, 2011), its applications in the US Gulf of Mexico basin, implications for drilling safety, and lessons learned particularly over the last 6 months, has been prepared. It is hoped that this Working Paper with further advance ...

Drilling automation is a rapidly growing area of information technology development. Efforts within automation are being undertaken by numerous and diverse organizations in the oil and gas industry, partly due to a desire for exploitation of marginal and complex fields, and partly in order to increase safety of high risk operations. As offshore drilling occurs in a unique work environment, orga...