Risk modification through system dynamics simulation

L. Baliwangi*, H. Arima, K. B. Artana, K. Ishida

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Citation (Scopus)


Risk assessment offers several advantages to management. It enables to identify the likely causes of system failures and it provides a basis for the identification of appropriate management strategies to reduce the overall risk for a given designed operation condition, either through preventative or mitigation strategies. Doing risk assessment once is often conducted therefore it may be valid in short time period only since a non-critical component could become a critical component after sometime. Further, to modify the risk of system under different operation conditions and maintenance policies, a system dynamics simulation is necessitated since system dynamics concerns a system's dynamic behavior over time under various conditions. This paper is addressed to provide a user friendly tool to simulate the system risk under some designed decisions both operation condition and maintenance policy. The result of a better understand of system behavior depend on operation and maintenance policy is well expected.

Original languageEnglish
Title of host publicationProceedings of the 18th IASTED International Conference on Modelling and Simulation, MS 2007
Number of pages5
Publication statusPublished - 2007
Externally publishedYes
Event18th IASTED International Conference on Modelling and Simulation, MS 2007 - Montreal, QC, Canada
Duration: 30 May 20071 Jun 2007

Publication series

NameProceedings of the IASTED International Conference on Modelling and Simulation
ISSN (Print)1021-8181


Conference18th IASTED International Conference on Modelling and Simulation, MS 2007
CityMontreal, QC


  • Maintenance policy
  • Operation management
  • Risk assessment
  • System dynamics


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