Risk of a natural gas pipeline accident. Process Safety Progress (December 2004) published a risk analysis for

Question:

Risk of a natural gas pipeline accident. Process Safety Progress (December 2004) published a risk analysis for a natural gas pipeline between Bolivia and Brazil. The most likely scenario for an accident would be natural gas leakage from a hole in the pipeline. The probability that the leak ignites immediately (causing a jet fire) is .01. If the leak does not immediately ignite, it may result in a delayed ignition of a gas cloud. Given no immediate ignition, the probability of delayed ignition (causing a flash fire) is .01. If there is no delayed ignition, the gas cloud will harmlessly disperse. Suppose a leak occurs in the natural gas pipeline. Find the probability that either a jet fire or a flash fire will occur. Illustrate with a tree diagram.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 100% (QA)

Answered By

Asim farooq

I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening. My Expert Service Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities

4.40+ 65+ Reviews 86+ Question Solved

Related Book For book-img-for-question