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author

John Dyer
Akansha Khandelwal

published on

April 2017

Growth in the energy and petrochemical sectors has seen a surge in the expansion of existing facilities (brown-fields) and construction of new facilities (green-fields) around the globe. Most brown-field and green-field studies involve construction of new buildings. Siting of a new building depends on a gamut of factors including their function, hazards, required level of protection, and proposed type of construction. The decision-making process can be further complicated when multiple options or constraints need to be considered. A risk-based approach can be applied to understand and compare various options using indices such as tolerable risk levels and cost. A cost-benefit risk analysis can be used as an effective tool to assist with the decision-making process.

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john dyer, PE

akansha khandelwal