Using Game Theory to Improve Safety within Chemical Industrial Parks

Though the game-theoretic approach has been vastly studied and utilized in relation to economics of industrial organizations, it has hardly been used to tackle safety management in multi-plant chemical industrial settings. Using Game Theory for Improving Safety within Chemical Industrial Parks presents an in-depth discussion of game-theoretic modeling which may be applied to improve cross-company prevention and -safety management in a chemical industrial park.

By systematically analyzing game-theoretic models and approaches in relation to managing safety in chemical industrial parks, Using Game Theory for Improving Safety within Chemical Industrial Parks explores the ways game theory can predict the outcome of complex strategic investment decision making processes involving several adjacent chemical plants. A number of game-theoretic decision models are discussed to provide strategic tools for decision-making situations.

Offering clear and straightforward explanations of methodologies, Using Game Theory for Improving Safety within Chemical Industrial Parks provides managers and management teams with approaches to asses situations and to improve strategic safety- and prevention arrangements.

Genserik Reniers obtained a Master's degree in chemical engineering at the Vrije Universiteit Brussel and received his PhD in Applied Economic Sciences from the University of Antwerp. His main research interests concern the application of multi-disciplinary approaches encompassing chemical engineering, economics and management in the safety and security research field. Especially collaboration surrounding safety and security topics and socio-economic optimization within the chemical industry represents his field of expertise. Professor Reniers has published over 50 papers in high quality international journals and has written several books on safety and security engineering and management. He currently serves as Associate Editor for the renowned academic journals Journal of Loss Prevention in the Process Industries and Safety Science.