NEUP CINR-17-12614: Systematic Enterprise Risk Management by Integrating the RISMC Toolkit and Cost-Benefit Analysis

A systematic Enterprise Risk Management framework is proposed which utilizes Decision Tree (DT) logic to consider high-level production-loss scenarios and their underlying physical and social causes throughout the lifecycle. In the proposed DT, uncertainty nodes will be quantified by plant-specific risk analysis using the Risk-Informed Safety Margin Characterization (RISMC) Toolkit, and cost-benefit analysis will be conducted for end states reflecting consequences of managerial decision making.

Additional Info

Field	Value
Awarded Institution	University of Illinois at Urbana-Champaign
PI	Zahra Mohaghegh