Yes / 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.
| Identifer | oai:union.ndltd.org:BRADFORD/oai:bradscholars.brad.ac.uk:10454/18199 |
| Date | 09 July 2019 |
| Creators | AL Mashaqbeh, S., Munive-Hernandez, J. Eduardo, Khan, M. Khurshid, Al Khazaleh, A. |
| Source Sets | Bradford Scholars |
| Language | English |
| Detected Language | English |
| Type | Article, Accepted manuscript |
| Rights | (c) 2020 Inderscience Publishers. Full-text reproduced in accordance with the publisher's self-archiving policy. |
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