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Reports from Queen's University Describe Recent Advances in Risk Management (Cost-Effective Application of Thermal Protection on LPG Road Transport...

August 1, 2014



Reports from Queen's University Describe Recent Advances in Risk Management (Cost-Effective Application of Thermal Protection on LPG Road Transport Tanks for Risk Reduction Due to Hot BLEVE Incidents)

By a News Reporter-Staff News Editor at Insurance Weekly News -- New research on Risk Management is the subject of a report. According to news reporting from Kingston, Canada, by VerticalNews editors, the research stated, "A simplified risk and cost-benefit analysis is presented for the application of thermal protection (TP) on propane and LPG highway tanker trucks operating in North America. A risk analysis is performed to determine the benefits of risk reduction by TP, relative to the costs of applying and maintaining TP on a tanker truck."

The news correspondents obtained a quote from the research from Queen's University, "The results show that TP is cost effective if the tanker truck spends enough time (or travels enough distance) in areas of moderate or high population density. The analysis is very sensitive to a number of inputs, including: (i) value of life, (ii) hot boiling liquid expanding vapor explosion frequency, (iii) public exposure to severe hazards, and (iv) life cost of TP."

According to the news reporters, the research concluded: "With this simplified analysis, it is possible to generate tanker truck exposure times to the public that justify the application of TP based on cost and benefit considerations."

For more information on this research see: Cost-Effective Application of Thermal Protection on LPG Road Transport Tanks for Risk Reduction Due to Hot BLEVE Incidents. Risk Analysis, 2014;34(6):1139-1148. Risk Analysis can be contacted at: Wiley-Blackwell, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - www.wiley.com/; Risk Analysis - onlinelibrary.wiley.com/journal/10.1111/(ISSN)1539-6924)

Our news journalists report that additional information may be obtained by contacting A.M. Birk, Queen's University, Dept. of Mech & Mat Engn, Kingston, ON, Canada.

Keywords for this news article include: Kingston, Ontario, Canada, North and Central America, Risk Management

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


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Source: Insurance Weekly News


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