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A multicriteria model for risk sorting of natural gas pipelines based on ELECTRE TRI integrating Utility Theory

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Author Info
Brito, Anderson J.
de Almeida, Adiel Teixeira
Mota, Caroline M.M.
Abstract

This paper proposes a multicriteria model for assessing risk in natural gas pipelines, and for classifying sections of pipeline into risk categories. The model integrates Utility Theory and the ELECTRE TRI method. It aims to help transmission and distribution companies, when engaged in risk management and decision-making, to consider the multiple dimensions of risk that may arise from pipeline accidents. Pipeline hazard scenarios are presented, and it is argued that the assessment of risk in natural gas pipelines should not be based solely on probabilities of human fatalities, but should involve a wider perspective that simultaneously takes into consideration the human, environmental and financial dimensions of impacts of pipeline accidents. Finally, in order to verify the effectiveness of the model set out, a numerical application based on a real case study is presented.

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File URL: http://www.sciencedirect.com/science/article/B6VCT-4VDY80D-7/2/55c6a0b39c6f285d978717e9074bb5b7
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Publisher Info
Article provided by Elsevier in its journal European Journal of Operational Research.

Volume (Year): 200 (2010)
Issue (Month): 3 (February)
Pages: 812-821
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Handle: RePEc:eee:ejores:v:200:y:2010:i:3:p:812-821

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Web page: http://www.elsevier.com/locate/eor

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Related research
Keywords: Multiple criteria analysis Utility Theory ELECTRE TRI Natural gas pipelines Risk assessment;

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