About This Item
- Full TextFull Text(subscription required)
- Pay-Per-View PurchasePay-Per-View
Purchase Options Explain
Share This Item
The AAPG/Datapages Combined Publications Database
Environmental Geosciences (DEG)
Abstract
DOI: 10.1046/j.1526-0984.2001.84005.x
Multiple Transport of Hazardous Material: Probabilities of Profitability
IAN LERCHE
Department of Geological Sciences, University of South Carolina, Columbia, SC 29208
ABSTRACT
The transport of hazardous material can involve catastrophes occurring, particularly when multiple transport trips are made. This article shows how a corporation can estimate the likelihood of being able to make a profit from a large number of such trips, with due allowance being included of the potential for a catastrophic event. The main emphasis is on estimating and updating the probability of a catastrophe based on information from prior trips. In addition, a procedure is given for allowing a corporation to decide whether it is better to buy out of a contract to transport hazardous material based on anticipated revenues including the hazard potential of a catastrophe occurring. Several numerical examples are provided to show how such estimating procedures operate in practice.
Pay-Per-View Purchase Options
The article is available through a document delivery service. Explain these Purchase Options.
| Watermarked PDF Document: $14 | |
| Open PDF Document: $24 |