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Models

Oil Pipeline Risks

This model simulates risks in a network of oil pipelines. There are nine types of risks, and there are nine routes in the pipeline network. Each route has three characteristics: diameter, mean pressure, and distance. For each type of risk and each route, two quantities are simulated: the number of events where that risk type occurs and the typical magnitude of such a risk. These are then accumulated to find the severities of the risk types, by route and total over all routes.

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