Article ID: | iaor19981249 |
Country: | Netherlands |
Volume: | 81 |
Issue: | 3 |
Start Page Number: | 489 |
End Page Number: | 499 |
Publication Date: | Mar 1995 |
Journal: | European Journal of Operational Research |
Authors: | Wright Don D., Lanzenauer Christoph Haehling von, James William G. |
Keywords: | risk, service |
A risk analysis is presented which assists the facilities planning process in coping with significant uncertainties in a natural gas pipeline system. The model replaces the current worst case approach by a dynamic risk assessment. The results, which required the development of an efficient algorithm, provide useful insight for capacity planning and contractual negotiations with both customers and suppliers.