Developing a systematic methodology to build a systems dynamics model for assessment of non-technical risks in power plants
by Sahar Mohammad Al Mashaqbeh; Jose Eduardo Munive-Hernandez; Mohammed Khurshid Khan; Awni Al Khazaleh
International Journal of System of Systems Engineering (IJSSE), Vol. 10, No. 1, 2020

Abstract: In a dynamic business environment like the energy sector, power plants face several complex risks, including both technical and non-technical risks. These risks are not isolated, as their impact may affect a series of interrelated risks. Those risks may change with time, which in turn, makes the strategic decision-making process less effective. Understanding the dynamic behaviour of a complex system is very important to achieve a more sustainable overall performance of the power plants. Thus, it is important to further develop a systematic risk assessment methodology that could help to identify and analyse the interdependencies among risks and to understand the dynamics of these risks in complex systems. This paper develops a system dynamics (SD) methodology to support the development of risk assessment models. This paper highlights the environmental perspective. The first step to develop a SD model will be applied, while the final SD model will be discussed in another paper.

Online publication date: Fri, 28-Feb-2020

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