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How do you do a quantitative risk assessment?

Quantitative risk assessment is summarised in these steps:

Hazard Identification, to determine hazard and categorisation of MAH

Release Frequency Analysis, to calculate the total release frequency for all release scenario through part counts

Consequence Modelling, to model the consequences (JF, FF, PF, EX)

Event Tree Analysis, to determine the potential end event likelihood

Risk Assessment, to estimate the fire impairment and personnel risk during the loss of containment

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