Normative Engineering Risk Management Systems

TL;DR

This paper presents a normative system design for engineering risk management that integrates diagnosis, decision making, and information gathering, demonstrated through offshore oil platform applications.

Contribution

It introduces a coherent influence diagram-based framework that models risk management activities separately for improved evaluation and is embedded in a real-time expert system.

Findings

Effective modeling of risk management activities

Application to offshore oil platforms

Integration into real-time expert systems

Abstract

This paper describes a normative system design that incorporates diagnosis, dynamic evolution, decision making, and information gathering. A single influence diagram demonstrates the design's coherence, yet each activity is more effectively modeled and evaluated separately. Application to offshore oil platforms illustrates the design. For this application, the normative system is embedded in a real-time expert system.