Property risk assessment for power plants: Methodology, validation and application

George J. Orme and Mauro Venturini

Energy, 2011, vol. 36, issue 5, 3189-3203

Abstract: In this paper, a procedure for Risk Assessment, which makes use of two risk indices (PML – Probable Maximum Loss and MFL – Maximum Foreseeable Loss) is applied to power plants to evaluate potential economic losses due to risk exposure for two different loss scenarios (probable and worst-case).

Keywords: Risk assessment; Risk index; Property damage; Power plant (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:36:y:2011:i:5:p:3189-3203

DOI: 10.1016/j.energy.2011.03.008

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