# Archives

### Archive

#### Easy way to defining probability of a fire in a residential area of Vancouver

Easy way to defining probability Countless times we have heard “…but we have no statistics!” or “statistics cannot be gathered for this specific topic!”, with the usual conclusion that a proper risk assessment cannot be performed because of the “lack of statistics”. We think this is a good excuse to avoid looking at reality with a better eye, and, unfortunately the result of Statistics and Probabilities being taught usually at the same times in schools. Probabilities and Statistics Probabilities and…

#### Balangero Asbestos Mine Environmental Rehabilitation: a Case for CDA-ESM

Mine Environmental Rehabilitation The Balangero Asbestos Mine Environmental Rehabilitation open pit mine, located 35km N-W of Torino (Torino), was the largest operation of this kind in Western Europe. The open pit was cut into the ridge of an elongated hill. The mill was located on one side of the hill and the dumps on the other. Dry tailings were lifted by a conveyor belt from the mill, located at the foot of the hill to a location near the ridge. From…

#### Kiss Approach To Risk Based Decision Making

Who doesn’t have to make decisions? Private decisions? Job related/business decisions? No matter your age, position, job, we all have to make decisions almost on a day to day basis. Decisions alternatives, even the straight forward ones, often have hidden/secondary effects, and most of the time are made more difficult by our perception, sentimental values etc. Large corporations sometimes use highly sophisticated procedures to support their decisions on capital expenditure, investments, processes, and yet, oftentimes, they realize afterwards that the…

#### STOP PROCRASTINATING! NPV IS DEAD: USE RISK AS A KEY DECISION PARAMETER.

A case study taken from our day to day practice, is presented to show: a) how risk can be used as a key decision parameter and b) how the commonly used Net Present Value (NPV), can create distortions and biases when analyzing reclamation (or other) alternatives. A Case Study is presented to show that risks should be used as a discriminant parameter from the beginning of any project for successful long term planning and to manage rational decisions. CDA/ESM has…

#### Saving Lives by Mitigating Risks along Roads and Highways

Eurosain (European Road Safety Institute) is devoted to Saving Lives by Mitigating Risks along Roads and Highways through pertinent application of hazard control/elimination and risk management of existing roads/highways and new road/highways projects. The Eurosain approach is road-safety-methodology-and-analysis and codes, and applies to developed countries as well as underdeveloped or developing countries which unfortunately bear an increasing and intolerable toll from road and traffic accidents. Saving Lives by Mitigating Risks along Roads and Highways Like for many hazards (including deseases and…

#### CDA / ESM Comparative Decision Analysis & Economic Safety Margin

The Comparative Decision Analysis Economic Safety Margin CDA / ESM™ methodology has been developed by Riskope International and is used to compare project alternatives in financial terms, including: life’s cycle balance including internal and external risks over a duration selected by the client, project implementation and demobilization costs and risks. The methodology is a vital element of a Risk Based Decision Making (RBDM) approach in alternative / project / investment selection based on solid economic concepts, exempt of the well know…