Service level risk in a pipeline system: A stochastic analysis

Service level risk in a pipeline system: A stochastic analysis

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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: , ,
Keywords: risk, service
Abstract:

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.

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