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A system dynamics simulation model for environmental risk assessment at strategic level in power plants
AL Mashaqbeh, S. Munive-Hernandez, J. Eduardo Khan, M. Khurshid Al Khazaleh, A.
AL Mashaqbeh, S.
Munive-Hernandez, J. Eduardo
Khan, M. Khurshid
Al Khazaleh, A.
Publication Date
2020-03-11
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(c) 2020 Inderscience Publishers. Full-text reproduced in accordance with the publisher's self-archiving policy.
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2019-11-13
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Abstract
In a constantly changing business environment, a systematic approach is needed for risk assessment in order to allow for a more long-term strategic view. The System Dynamics (SD) modelling technique can be applied as an effective approach to understand the dynamic behaviour of a system over time. This understanding can be subsequently explicitly reflected on policies, strategic plans and operational procedures. This paper presents a SD model to assess environmental risks in power plants. The model helps to understand the long-term behaviour of the system under study. A questionnaire and focus group interviews have been conducted to understand the relationship among various risks. The SD model has been validated with two power plants in the Middle East. The developed model highlighted the impact of environmental risks on the performance of power plants. Although the SD model focuses on risk assessment in power plants, it can be easily adapted to other industry sectors.
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Accepted manuscript
Citation
Al Mashagqbeh SM, Munive-Hernandez JE, Khan MK et al (2020) A system dynamics simulation model for environmental risk assessment at strategic level in power plants. International Journal of Reliability and Safety. 14(1): 58-84.
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Article