Hydrocarbon Pipeline Third Party Damage Risk Assessment using Multi Criteria Decision Making

Marthin Simanjuntak, Utomo Sarjono Putro

2019

Abstract

Many research studies recognized Third Party Damage (TPD) as one of the significant contributors to pipeline failure. Maintenance of hydrocarbon pipelines and its right of way (ROW) as protection from TPD is a significant challenge because massive encroachment and fast-growing third-party activities near pipelines. Therefore, an organization needs to use risk-based analysis for resource allocation prioritization carefully. Analytical Hierarchy Process (AHP) and Simple Multi-Attribute Rating Technique (SMART) are popular Multi-Criteria Decision Making (MCDM) technique that allows multivariable factors to be considered in the decision-making process. Pipeline risk is a function of a multi-variable risk factor. Therefore, the combination of AHP and SMART can be used for pipeline risk assessment. Limitation of the presented decision support system: 1) it still has subjectivity involved, which would introduce uncertainties to the result, 2) the risk result is a relative risk, which makes the result only can be used resource allocation. This work is expected can help the organization for improving resource allocation for risk reduction program and maintenance activities. Although the model is applied for pipeline risk assessment, the same principle can be applied for other risk assessment exercise.

Paper Citation

in Harvard Style

Simanjuntak M. and Putro U. (2019). Hydrocarbon Pipeline Third Party Damage Risk Assessment using Multi Criteria Decision Making.In Proceedings of the International Conference of Business, Economy, Entrepreneurship and Management - Volume 1: ICBEEM, ISBN 978-989-758-471-8, pages 579-586. DOI: 10.5220/0009959405790586

in Bibtex Style

@conference{icbeem19,
author={Marthin Simanjuntak and Utomo Sarjono Putro},
title={Hydrocarbon Pipeline Third Party Damage Risk Assessment using Multi Criteria Decision Making},
booktitle={Proceedings of the International Conference of Business, Economy, Entrepreneurship and Management - Volume 1: ICBEEM,},
year={2019},
pages={579-586},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009959405790586},
isbn={978-989-758-471-8},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference of Business, Economy, Entrepreneurship and Management - Volume 1: ICBEEM,
TI - Hydrocarbon Pipeline Third Party Damage Risk Assessment using Multi Criteria Decision Making
SN - 978-989-758-471-8
AU - Simanjuntak M.
AU - Putro U.
PY - 2019
SP - 579
EP - 586
DO - 10.5220/0009959405790586