EN
Conference Papers
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.