MAXCRED – a new software package for rapid risk assessment in chemical process industries

A new software package for conducting rapid risk assessment (RRA) in chemical process industries and the system of methodologies on which it is based are described. The objectives behind the development of the package are to achieve greater breadth and depth, sophistication, and user-friendliness in conducting RRA. In pursuit of these objectives we have incorporated in the package state-of-the-art models for generating accident scenarios and assessing their consequences. The package has been coded in C++ using the concepts of object-oriented programming to enhance the toolʹs speed of execution and ease of use. The paper also demonstrates the applicability of MAXCRED with an illustrative example of a RRA conducted with its assistance.