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                                    generally on Paretian’s theory of well-being, in which individuals facing external
                                    effects judge their importance for their quality of life. Preferences may be shown in
                                    monetary terms, just as in market choices. In this way, the final assessment of the
                                    marginal damage balance (external costs) and marginal abatement costs (internal
                                    costs) may be carried out in one monetary unit: currency (dollar, euro, yen), which
                                    is a globally accepted reference in decision-making (Dasgupta and Pearce, 1972;
                                    Nas, 1996).


                                    1.5.4.5 Process Simulation

                                    Process re-engineering is one of the applications within chemical engineering that
                                    shows increases in interest year after year. The vast majority of plants have been
                                    built and are currently operating so as to obtain the highest possible return using
                                    available equipment and reduce investment. New process synthesis tools allow
                                    analysis, in a relatively simple and fast way, of whether the optimum current process
                                    setting is the best and to assess possibilities for improvement. To attain this, it is
                                    necessary to count on models with an exact and precise representation of equipment
                                    operation. In the first place, it is necessary to adjust these models using plant data
                                    to ensure successful predictions. After the base case has been obtained, exploring
                                    alternative design choices and assessing their applicability through equipment sizing
                                    begins. At this point, it is necessary to assess in detail the possibilities for imple-
                                    menting the proposed alternative by means of detailed research of the most promising
                                    alternatives (detailed sizing, economic estimate, cost analysis, etc.). Apart from these
                                    applications, process simulation has proved to be the fundamental tool for detecting
                                    bottlenecks in processes and operation problems, and in obtaining ideal operating
                                    conditions for the environment.


                                    15.4.6  Accident Prevention

                                    To prevent accidents, it is necessary to determine the environmental risk associated
                                    with a facility or process operation resulting from undesirable events or accidents.
                                    Undesirable events are those unforeseen events that accidentally cause the emission
                                    of pollutants into the environment. Analysis of undesirable events (accidents) must
                                    include the following phases:

                                       •  Analysis of facilities and information gathering
                                       •  Identification of the most representative accident scenarios
                                       •  Establishment of accident probability for these scenarios and its evolution
                                       •  Establishment of consequences associated with each accident scenario
                                          assessed (scope of associated physical effects)
                                       •  Establishment of the impact these physical effects have on the environ-
                                          ment

                                    Fail trees and event trees are applied when accident prevention assessments are
                                    undertaken (AICHE, 1985).


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