Publication
Title
Domino effects within a chemical cluster: a game-theoretical modeling approach by using Nash-equilibrium
Author
Abstract
Every company situated within a chemical cluster faces domino effect risks, whose magnitude depends on every company's own risk management strategies and on those of all others. Preventing domino effects is therefore very important to avoid catastrophes in the chemical process industry. Given that chemical companies are interlinked by domino effect accident links, there is some likelihood that even if certain companies fully invest in domino effects prevention measures, they can nonetheless experience an external domino effect caused by an accident which occurred in another chemical enterprise of the cluster. In this article a game-theoretic approach to interpret and model behaviour of chemical plants within chemical clusters while negotiating and deciding on domino effects prevention investments is employed.
Language
English
Source (journal)
Journal of hazardous materials. - Amsterdam
Publication
Amsterdam : 2009
ISSN
0304-3894
Volume/pages
167:1/3(2009), p. 289-293
ISI
000267267000040
Full text (Publisher's DOI)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 08.04.2009
Last edited 01.08.2017
To cite this reference