CLASSIFICATION society DNV GL is using Palisade's PrecisionTree and patented decision support software - RISK - to determine risks of accidents and their likely consequences, reports London's Tanker Operator.
RISK enables the class society to undertake cost-benefit analysis so that informed decisions can be made about the best strategies to mitigate on board risks, said the report.
A key activity for DNV GL's safety research unit on national, international and internal projects is risk assessment for ships and ship systems.
The aim is to identify risk reduction measures and deploy cost-benefit analysis to determine their economic feasibility. For instance, navigational aids will reduce the probability of collision and grounding accidents, while damage-stability measures will limit the consequences of such an event, should it occur.
The class society's safety research unit uses Palisade's decision tree software, PrecisionTree, to develop the risk models that apply to crew, environment and property.
"PrecisionTree's RISK makes it straightforward to quickly develop event trees. These are essential to our analysis when looking at how to reduce both the number of shipping incidents and the consequences should they occur," said DVV GL's risk research manager Rainer Hamann.
"RISK enables us to be clear about the level of uncertainty contained in each model. Embedded in the Microsoft environment, it also allows us to incorporate standard Excel features, making it easy to use," said Dr Hamann."
WORLD SHIPPING
24 November 2014 - 22:45
Class society DNV GL deploys software to indicate accident likelihood
CLASSIFICATION society DNV GL is using Palisade's PrecisionTree and patented decision support software - RISK - to determine risks of accidents and their likely consequences, reports London's Tanker Operator.
WORLD SHIPPING
24 November 2014 - 22:45
Class society DNV GL deploys software to indicate accident likelihood
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