Abstract
This paper describes the use of the Analytic Hierarchy Process (AHP) and Preference Ranking Organization Method for Enrichment Evaluation (PROMETHEE) method for predicting risk of leakage in a storage tank. This is the first time AHP and PROMETHEE have been used in this way. Important decisions about day to day operations are continually made in a petroleum environment. Storage tanks in refineries contain large volumes of flammable and hazardous liquids. Decision processes need to evaluate and select alternatives with a higher probability of resulting in a hazard, among many different alternatives. The new model described in this paper will aid decision makers to predict which tank is likely to develop a leak and determine what criteria (source of risk) could result in a leak. Although the case study deals with a specific risk prediction problem, the combination of AHP and PROMETHEE methods can be applied to other decision problems.
Original language | English |
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Journal | International Journal of Reliability, Risk & Safety |
Early online date | 18 Nov 2020 |
Publication status | Early online - 18 Nov 2020 |
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Sanders, David (Recipient), 2 Nov 0001
Prize: National/international honour