Development of risk-based decision methodology for facility design.
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2014-06-01
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Abstract:This report develops a methodology for CDOT to use in the risk analysis of various types of facilities and provides ; illustrative examples for the use of the proposed framework. An overview of the current practices and applications to ; illustrate the context from which the proposed methodology has been developed is presented first. Next, the report ; introduces the proposed methodology for CDOT. In order to understand how the framework operates in practice, two ; illustrative examples are presented. The first example demonstrates the framework through the context of allocating ; resources for the operation and maintenance of a portfolio of signalized mast arms. Two risk assessment methods are ; introduced through the first example, and it is shown that mast arms could benefit from varied inspection frequencies ; based on current structural defects present. The second illustrative example uses the framework in the context of ; making design decisions with regard to seismic hazard in Colorado. A quantitative risk assessment method is ; introduced, and the illustration suggests that seismic hazard is not a controlling hazard in Colorado. ; Implementation ; Through the literature review and presented examples, CDOT is equipped with the resources and information ; necessary to implement a risk-based methodology in decision-making across its organization. In the near term, the ; report recommends the following action items for CDOT: ; Implementation of a varied mast arm inspection routine based on structural state ; Modification of the mast arm inspection records database to make information amenable to data-mining for ; risk assessment ; Adoption of the proposed common vocabulary and framework to discuss risk and address issues that face the ; organization
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Main Document Checksum:urn:sha256:08e2da546ba157496441884c42ca6ea6519e31ace95693c00c4fd25168aeeba1