Loading...
Developing a systematic methodology to build a systems dynamics model for assessment of non-technical risks 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
2020-01
End of Embargo
Supervisor
Rights
(c) 2020 Inderscience Publishers. Full-text reproduced in accordance with the publisher's self-archiving policy.
Peer-Reviewed
Yes
Open Access status
Accepted for publication
2019-07-09
Institution
Department
Awarded
Embargo end date
Additional title
Abstract
In a dynamic business environment like the energy sector, power plants face several complex risks, including both technical and non-technical risks. These risks are not isolated, as their impact may affect a series of interrelated risks. Those risks may change with time, which in turn, makes the strategic decision-making process less effective. Understanding the dynamic behaviour of a complex system is very important to achieve a more sustainable overall performance of the power plants. Thus, it is important to further develop a systematic risk assessment methodology that could help to identify and analyse the interdependencies among risks and to understand the dynamics of these risks in complex systems. This paper develops a system dynamics (SD) methodology to support the development of risk assessment models. This paper highlights the environmental perspective. The first step to develop a SD model will be applied, while the final SD model will be discussed in another paper.
Version
Accepted manuscript
Citation
Al Mashaqbeh SM, Munive-Hernandez JE, Khan MK et al (2020) Developing a systematic methodology to build a systems dynamics model for assessment of non-technical risks in power plants. International Journal of System of Systems Engineering. 10(1): 39-71.
Link to publisher’s version
Link to published version
Link to Version of Record
Type
Article