Towards dynamic risk analysis: A review of the risk assessment approach and its limitations in the chemical process industry

The objective of this review is to analyse the progress of Risk Assessment during the last decades and to offer an overview on its recent advancements and possible future direction for chemical and process industries. Despite the general approach of Quantitative Risk Assessment (QRA) is unchanged since its origin in the early 1980s, QRA has continuously evolved in different forms and its fields of application have enlarged significantly beyond...