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Original Articles

APPLICATION OF RISK ANALYSIS WITHIN VALUE MANAGEMENT: A CASE STUDY IN DAM ENGINEERING

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Pages 364-374 | Received 04 May 2011, Accepted 14 Sep 2011, Published online: 14 Jun 2013
 

Abstract

Nowadays, considering uncertainties and complexities in dam engineering problems, implementation of risk analysis is essential more than before. On the other hand, reliability analysis is an efficient approach which can be applied in order to quantify the identified risks. By applying such analyses, a designer can therefore define and develop different scenarios in order to evaluate the effect of identified risks. The risk management process can be further implemented within a value management cycle where the potential alternatives should be evaluated and finally the best-known alternative must be selected. In order to measure the efficiency of risk analysis approach in a dam, a case study is studied and then implemented. The result of the reliability analysis for the piping phase shows a conservative approach with a low risk during the dam design process. Based on the value analysis, two different scenarios are then developed. In the first scenario, the piping phase is considered as a high risk issue; and in the second scenario, the risk is considered as its minimum acceptable threshold. Based on the obtained results, this can be summarized: utilizing risk analysis for improvement of the decision-making process can be efficiently defined and developed as a fundamental strategy in water resource projects.

Acknowledgments

The authors appreciate the Water Resources Management Company for financial support of this research under the grant No. Dam 1-88013. The authors also thank the Tehran Sahab Company for providing information regarding the case study. This paper also received useful comments from Prof. Noorzad, Prof. Afshar, Dr Zarghaami, and Mr. Brojerdi. The authors also acknowledge the referees for their constructive comments which considerably improved the quality of this research over its earlier version.

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