TY  - JOUR
EP  - 13077
ID  - scholars7650
IS  - 22
TI  - Fuzzy multi-criteria decision making model for risk assessment
N2  - Decision making and risk assessment are becoming a challenging task in oil and gas due to the risk related to the uncertainty and imprecision. This paper proposed a model for the risk assessment based on multi-criteria decision making (MCDM) method by integrating Fuzzy-set theory. In this model, decision makers (experts) provide their preference of risk assessment information in four categories; people, environment, asset, and reputation. A fuzzy set theory is used to evaluate likelihood, consequence and total risk level associated with each category. A case study is presented to demonstrate the proposed model. The results indicate that the proposed Fuzzy MCDM method has the potential to be used by decision makers in evaluating the risk based on multiple inputs and criteria. © 2006-2016 Asian Research Publishing Network (ARPN).
SN  - 18196608
AV  - none
PB  - Asian Research Publishing Network
SP  - 13072
A1  - Shuaib, K.
A1  - Hussin, H.
A1  - Abd Majid, M.A.
N1  - cited By 0
UR  - https://www.scopus.com/inward/record.uri?eid=2-s2.0-85007271655&partnerID=40&md5=4445fe280a3d2f7ebef26a782395104c
Y1  - 2016///
VL  - 11
JF  - ARPN Journal of Engineering and Applied Sciences
ER  -