We have read a great number of articles related to the true cost of the failure of Samarco dam. However, only recently we saw the Samarco dam disaster cumulative damages effects actually detailed (see below). The dam failed in November 2015, killing at least 19 people, making 700 people homeless, and polluting hundreds of miles of Rio Doce river, all the way to the Atlantic Ocean. In its annual report, just filed last week, BHP Billiton detailed what the true…
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Anthropocene Geohazards Multi-dimensional Consequences Analysis are paramount for meaningful risk management models. In too many cases risk studies take into account losses in a limited way, either by ill-will or by misunderstanding of the real implications of an accident or event. Anthropocene Geohazards Multi-dimensional Consequences Analysis The need for a unified, emergency/accident scale is vital to facilitate clear communication and mutual understanding of the nature of the emergency, by the public, government agencies, and responding organizations. It has been stated…
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A discussion on LinkedIN entitled “Does anyone use Standard Deviation, Variance or similar measures to prioritise risks” prompted a reply we are now posting on the blog for our interested readers. It’s a bit technical, but it shows that maths make things simpler, rather than more complicated, bring clarity! Talking about clarity, let’s remember that the context of most of our work at Riskope is in downside risk, in various industries. When we refer below to “Consequences”, we are referring…
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