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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…
Read MoreMine 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…
Read MoreWho 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…
Read MoreA 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…
Read MoreEurosain (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…
Read MoreThe 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…
Read MoreRECENT UXO/MINE CLEARANCE FINDINGS Over recent years, the community working towards the aims of the Anti-Personnel Mine Ban Convention (APMBC) has begun to struggle with fundamental questions related to the efficiency of clearance efforts and the need to release land in countries facing strong demographic and social pressures (Jordan Times, 2004). Rational Methodologies for Land Mines/Unexploded Ordnance Contaminated Land Release or Clearing Decision Making. A series of studies on Lao PDR found that physically cleared ground more than 292 km2 was…
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