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Railroad Network Safety and Business Intelligence System for Hazardous Materials

Hazmat incidents can significantly shape how the public perceives risks from transporting hazardous commodities while drawing elevated scrutiny from the media and regulatory agencies, and impacting a rail operator’s reputation and safety performance.

Does your railroad understand where the risks of hazmat release are concentrated in your network? Can your railroad measure how these risks are changing over time? Did your railroad’s safety investments directly address the most critical network locations with heightened safety risks? How well is your railroad’s portfolio of strategies performing for reducing these risks?

SMARTER Hazmat™ is an innovative and customizable railroad risk management framework for evaluating, monitoring, and mitigating dangerous goods safety risks as well as for prioritizing railroad safety investments and operating practices. Sophisticated railroads can use this big data-driven, quantitative framework to measure and track systemic hazmat safety risk as well as pinpoint localized and recurring risk hotspots. By measuring and monitoring network-wide risk through its industry-vetted methodology, SMARTER Hazmat™ advances a railroad’s safety strategy with next generation decision-making capabilities for efficiently allocating safety investment budgets, ensuring defensible compliance, and realizing improvements in safety performance.

Support Critical Business Functions

SMARTER Hazmat™ can be tailored and deployed for supporting two critical business functions at a railroad: (1) Service Design: Proactively incorporate hazmat safety risks into railroad operational planning and evolve into a railroad powered by risk-based service design to generate routing alternatives that optimize operational feasibility and minimize risk simultaneously. (2) Network Safety and Strategy: Intelligently devise and support plans for safety investments, precisely target infrastructure upgrades and application of new technology, and alleviate network-level hazmat risks to drive competitive advantage and demonstrate improving safety performance.

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Enterprise-Wide, Next-Generation Solution

FACTOR’s SMARTER Hazmat™ is the enterprise-wide, next-generation solution that railroads need for strategically enhancing overall network safety by assessing hazmat safety risks, and optimizing the selection of safety investments for mitigating risk over time.

 

The tools we applied.

SQL Server Spatial

Microsoft’s SQL Server database environment supports both geographic and projected data types and can support a wide range of geoprocessing functions directly in the database.

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Quantitative Risk Assessment

A formal estimation of the quantitative risks for a given set of parameters that considers the potential consequences from a hazard and likelihood that those consequences would be realized. This is contrasted with qualitative risk assessment, which uses a relative assessment of risks at a generalized level.

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