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International Conference on Applications of Statistics and Probability in Civil Engineering (ICASP) (12th : 2015)
Assessing and managing natural risks at the Panama Canal Alfaro, Luis D.; Baecher, Gregory B.; Guerra, Fernando; Patev, Robert C.
Abstract
The Panama Canal Authority (ACP) has undertaken a comprehensive assessment of natural and chronic risks to improve planning and to optimize its engineering safeguards. The risk assessment program began with an all-inclusive risk register. The register lists somewhat more than 500 items divided among the many categories of facilities constituting the Canal (dams, locks, cuts, gates, power stations, water plants, and others) and among the various hazards facing the Canal (seismic, hydrologic, meteorological, operational). Scientific and operations data for the Canal have been compiled to characterize risk, while modern reliability models have been developed to translate those data into actionable assessments of reliability and consequence. Risks were categorized as catastrophic, significant, or moderate. The first set has been engineered in detail; the others have been approached operationally. The resulting probabilities and consequences are tracked in acceptable risk charts in FN format better to understand where risk remediation is called for. This comprehensive risk assessment is allowing ACP to reduce risk while meaningly keeping costs under control.
Item Metadata
Title |
Assessing and managing natural risks at the Panama Canal
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Creator | |
Contributor | |
Date Issued |
2015-07
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Description |
The Panama Canal Authority (ACP) has undertaken a comprehensive assessment of natural
and chronic risks to improve planning and to optimize its engineering safeguards. The risk assessment
program began with an all-inclusive risk register. The register lists somewhat more than 500
items divided among the many categories of facilities constituting the Canal (dams, locks, cuts, gates,
power stations, water plants, and others) and among the various hazards facing the Canal (seismic, hydrologic,
meteorological, operational). Scientific and operations data for the Canal have been compiled
to characterize risk, while modern reliability models have been developed to translate those data into
actionable assessments of reliability and consequence. Risks were categorized as catastrophic, significant,
or moderate. The first set has been engineered in detail; the others have been approached operationally.
The resulting probabilities and consequences are tracked in acceptable risk charts in FN format
better to understand where risk remediation is called for. This comprehensive risk assessment is allowing
ACP to reduce risk while meaningly keeping costs under control.
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Genre | |
Type | |
Language |
eng
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Notes |
This collection contains the proceedings of ICASP12, the 12th International Conference on Applications of Statistics and Probability in Civil Engineering held in Vancouver, Canada on July 12-15, 2015. Abstracts were peer-reviewed and authors of accepted abstracts were invited to submit full papers. Also full papers were peer reviewed. The editor for this collection is Professor Terje Haukaas, Department of Civil Engineering, UBC Vancouver.
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Date Available |
2015-05-13
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Provider |
Vancouver : University of British Columbia Library
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Rights |
Attribution-NonCommercial-NoDerivs 2.5 Canada
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DOI |
10.14288/1.0076030
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URI | |
Affiliation | |
Citation |
Haukaas, T. (Ed.) (2015). Proceedings of the 12th International Conference on Applications of Statistics and Probability in Civil Engineering (ICASP12), Vancouver, Canada, July 12-15.
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Peer Review Status |
Unreviewed
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Scholarly Level |
Faculty; Other
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Rights URI | |
Aggregated Source Repository |
DSpace
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Item Citations and Data
Rights
Attribution-NonCommercial-NoDerivs 2.5 Canada