(93a) How to ensure your facility is safe in a cost-effective manner

Facility owners and operators are often faced with difficult questions regarding their facilities’ safety. Many of these decisions have serious economic repercussions in the lifecycle of an asset and require further engineering analysis. Retrofitting an existing facility, adding new equipment, or building a new module in a facility can represent millions of dollars in capital and operational expenditures, so it is imperative to conduct proper assessments to achieve safety objectives in a cost-effective manner. This technical workshop will highlight case studies on how to address safety challenges as they pertain to facility siting. We'll explore examples that demonstrate how to use quantitative, consequence-predictive tools for informed decision-making with safety as a priority. It will also address strengths and limitations with various study types as they increase in complexity, establishing a process to deliver comprehensive safety assessments with business economics in mind.