IDEAS home Printed from https://ideas.repec.org/a/eee/reensy/v98y2012i1p35-42.html
   My bibliography  Save this article

A multi-attribute Systemic Risk Index for comparing and prioritizing chemical industrial areas

Author

Listed:
  • Reniers, G.L.L.
  • Sörensen, K.
  • Dullaert, W.

Abstract

Measures taken to decrease interdependent risks within chemical industrial areas should be based on quantitative data from a holistic (cluster-based) point of view. Therefore, this paper examines the typology of networks representing industrial areas to formulate recommendations to more effectively protect a chemical cluster against existing systemic risks. Chemical industrial areas are modeled as two distinct complex networks and are prioritized by computing two sub-indices with respect to existing systemic safety and security risks (using Domino Danger Units) and supply chain risks (using units from an ordinal expert scale). Subsequently, a Systemic Risk Index for the industrial area is determined employing the Borda algorithm, whereby the systemic risk index considers both a safety and security network risk index and a supply chain network risk index. The developed method allows decreasing systemic risks within chemical industrial areas from a holistic (inter-organizational and/or inter-cluster) perspective. An illustrative example is given.

Suggested Citation

  • Reniers, G.L.L. & Sörensen, K. & Dullaert, W., 2012. "A multi-attribute Systemic Risk Index for comparing and prioritizing chemical industrial areas," Reliability Engineering and System Safety, Elsevier, vol. 98(1), pages 35-42.
    • Handle: RePEc:eee:reensy:v:98:y:2012:i:1:p:35-42
    DOI: 10.1016/j.ress.2011.10.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0951832011002018
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ress.2011.10.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Martin, Wade E. & Shields, Deborah J. & Tolwinski, Boleslaw & Kent, Brian, 1996. "An application of social choice theory to U.S.D.A. forest service decision making," Journal of Policy Modeling, Elsevier, vol. 18(6), pages 603-621, December.
    2. Antonioni, Giacomo & Bonvicini, Sarah & Spadoni, Gigliola & Cozzani, Valerio, 2009. "Development of a framework for the risk assessment of Na-Tech accidental events," Reliability Engineering and System Safety, Elsevier, vol. 94(9), pages 1442-1450.
    3. Christian Klamler, 2005. "On the Closeness Aspect of Three Voting Rules: Borda – Copeland – Maximin," Group Decision and Negotiation, Springer, vol. 14(3), pages 233-240, May.
    4. Aven, Terje, 2009. "Identification of safety and security critical systems and activities," Reliability Engineering and System Safety, Elsevier, vol. 94(2), pages 404-411.
    5. Badea, Anca Costescu & Rocco S., Claudio M. & Tarantola, Stefano & Bolado, Ricardo, 2011. "Composite indicators for security of energy supply using ordered weighted averaging," Reliability Engineering and System Safety, Elsevier, vol. 96(6), pages 651-662.
    6. Moez Limayem & Gerardine DeSanctis, 2000. "Providing Decisional Guidance for Multicriteria Decision Making in Groups," Information Systems Research, INFORMS, vol. 11(4), pages 386-401, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mocellin, Paolo & Pilenghi, Lisa, 2023. "Semi-quantitative approach to prioritize risk in industrial chemical plants aggregating safety, economics and ageing: A case study," Reliability Engineering and System Safety, Elsevier, vol. 237(C).
    2. Janssens, Jochen & Talarico, Luca & Sörensen, Kenneth, 2016. "A hybridised variable neighbourhood tabu search heuristic to increase security in a utility network," Reliability Engineering and System Safety, Elsevier, vol. 145(C), pages 221-230.
    3. JANSSENS, Jochen & TALARICO, Luca & SÖRENSEN, Kenneth, 2014. "A hybridised taboo search heuristic to increase security in a utility network," Working Papers 2014023, University of Antwerp, Faculty of Business and Economics.
    4. JANSSENS, Jochen & TALARICO, Luca & SÖRENSEN, Kenneth, 2014. "A metaheuristic approach for security budget allocation in utility networks," Working Papers 2014028, University of Antwerp, Faculty of Business and Economics.
    5. Reniers, G.L.L. & Sörensen, K. & Khan, F. & Amyotte, P., 2014. "Resilience of chemical industrial areas through attenuation-based security," Reliability Engineering and System Safety, Elsevier, vol. 131(C), pages 94-101.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kaiser, Brooks A., 2006. "The national environmental policy act's influence on USDA forest service decision-making, 1974-1996," Journal of Forest Economics, Elsevier, vol. 12(2), pages 109-130, June.
    2. Kaveh Madani & Laura Read & Laleh Shalikarian, 2014. "Voting Under Uncertainty: A Stochastic Framework for Analyzing Group Decision Making Problems," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 28(7), pages 1839-1856, May.
    3. Li, Pin & He, Qi & Zhang, Jinsuo & Xia, Qiyuan, 2024. "Analyzing the impact of energy synergy and renewable energy generation on energy security: Empirical evidence from China's Yangtze River Delta region," Energy, Elsevier, vol. 302(C).
    4. Yuan, Mei-Hua & Lo, Shang-Lien, 2020. "Developing indicators for the monitoring of the sustainability of food, energy, and water," Renewable and Sustainable Energy Reviews, Elsevier, vol. 119(C).
    5. Manel Baucells & Rakesh K. Sarin, 2003. "Group Decisions with Multiple Criteria," Management Science, INFORMS, vol. 49(8), pages 1105-1118, August.
    6. Zio, E., 2018. "The future of risk assessment," Reliability Engineering and System Safety, Elsevier, vol. 177(C), pages 176-190.
    7. Jiajun Wang & Zhichao He & Wenguo Weng, 2020. "A review of the research into the relations between hazards in multi-hazard risk analysis," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 104(3), pages 2003-2026, December.
    8. Kangas, Jyrki & Store, Ron & Kangas, Annika, 2005. "Socioecological landscape planning approach and multicriteria acceptability analysis in multiple-purpose forest management," Forest Policy and Economics, Elsevier, vol. 7(4), pages 603-614, May.
    9. Hannu Nurmi, 2004. "A Comparison of Some Distance-Based Choice Rules in Ranking Environments," Theory and Decision, Springer, vol. 57(1), pages 5-24, August.
    10. Necci, Amos & Antonioni, Giacomo & Cozzani, Valerio & Krausmann, Elisabeth & Borghetti, Alberto & Alberto Nucci, Carlo, 2013. "A model for process equipment damage probability assessment due to lightning," Reliability Engineering and System Safety, Elsevier, vol. 115(C), pages 91-99.
    11. Wallace E. Oates & Paul R. Portney & Wallace E. Oates & Paul R. Portney, 2004. "The Political Economy of Environmental Policy," Chapters, in: Environmental Policy and Fiscal Federalism, chapter 1, pages 3-30, Edward Elgar Publishing.
    12. Li, Jinchao & Wang, Lina & Lin, Xiaoshan & Qu, Shen, 2020. "Analysis of China’s energy security evaluation system: Based on the energy security data from 30 provinces from 2010 to 2016," Energy, Elsevier, vol. 198(C).
    13. Pilone, E. & Demichela, M., 2018. "A semi-quantitative methodology to evaluate the main local territorial risks and their interactions," Land Use Policy, Elsevier, vol. 77(C), pages 143-154.
    14. Jan A. Kempkes & Francesco Suprano & Andreas Wömpener, 2024. "How management support systems affect job performance: a systematic literature review and research agenda," Management Review Quarterly, Springer, vol. 74(4), pages 2013-2086, December.
    15. Leman ERDAL, 2015. "Determinants of Energy Supply Security: An Econometric Analysis For Turkey," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 15(2), pages 153-163.
    16. Yongjun Shen & Elke Hermans & Tom Brijs & Geert Wets, 2013. "Data Envelopment Analysis for Composite Indicators: A Multiple Layer Model," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 114(2), pages 739-756, November.
    17. Diaby, Moussa & Ferrer, Hélène & Valognes, Fabrice, 2013. "A social choice approach to primary resource management: The rubber tree case in Africa," Forest Policy and Economics, Elsevier, vol. 28(C), pages 8-14.
    18. Marzo, E. & Busini, V. & Rota, R., 2015. "Definition of a short-cut methodology for assessing the vulnerability of a territory in natural–technological risk estimation," Reliability Engineering and System Safety, Elsevier, vol. 134(C), pages 92-97.
    19. Abdelrahman Azzuni & Christian Breyer, 2020. "Global Energy Security Index and Its Application on National Level," Energies, MDPI, vol. 13(10), pages 1-49, May.
    20. Augutis, Juozas & Krikštolaitis, Ričardas & Martišauskas, Linas & Urbonienė, Sigita & Urbonas, Rolandas & Ušpurienė, Aistė Barbora, 2020. "Analysis of energy security level in the Baltic States based on indicator approach," Energy, Elsevier, vol. 199(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:reensy:v:98:y:2012:i:1:p:35-42. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/reliability-engineering-and-system-safety .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.