ABSTRACT

A.T. de Almeida-Filho & A.T. de Almeida Federal University of Pernambuco UFPE, Recife, Brazil

ABSTRACT: Risk has been a topic of interest for many years, however the majority of studies avoid considering multiple risk dimensions, in most of the cases there is multiple risk dimensions and it’s evaluated through different indexes that are difficult to aggregate into a joint evaluation. There have been used in the literature risk evaluation frameworks from NORSOK and ISO to evaluate risk in an oil and gas context, however, these approaches do not provide a multiple dimension evaluation, only seeks to achieve tolerable risk levels, disregarding decision maker’s judgment about the relation between different risk dimension levels and the level difference in each risk dimension. Thus is presented a framework based on well established risk evaluation framework in the literature (NORSOK and ISO).