Reference no: EM131727847
Assignment: Analyzing Ecological Systems
Option 2: Gulf Oil Spill Case Study
Resource: University of Phoenix Library
Write a 700- to 900-word analysis of the British Petroleum Oil Spill in the Gulf of Mexico. Include the following in your paper:
• Describe the main events of the incident and the principle parties involved in a timeline.
• Describe the laws enforced at the time.
• List the ecological risks of the affected area at the time of the spill.
• Forecast what may be required of the oil industry relative to future risk assessments.
• How can economic value be allocated in this scenario?
• Describe the process of defining ecological value and discuss the application of probabilistic risk assessment methods in this case. Discuss the hazards and the risk uncertainties that can lead to a reanalysis of this case using probabilistic assessment.
• Describe how the risk assessment correlated to observed field studies and evaluate the importance of this type of correlation in general for all risk assessment efforts.
• What are the ecological and social values of concern in this case?
• Establish a value for the ecological components in this case. Are there any tradeoffs between wildlife and development? Why or why not? How is this risk assessment actually determined?
Cite two references.
Format your analysis consistent with APA guidelines.
Attachment:- Probabilistic-Risk-Assessment.rar
What stressors and or hassles do you recognize
: What did you learn about yourself. What stressors and or "hassles" do you recognize in your life
|
What factors about the noise monitoring may have affected
: Discuss what factors about the noise monitoring may have affected the accuracy of the noise measurements.
|
What document provides evidence that a liability exists
: Assume the terms of trade between buyer and a seller are FOB destination. What document provides evidence that a liability exists
|
State the transaction-related audit objective
: For each of the internal controls, state the transaction-related audit objective(s) the control is meant to fulfill
|
Describe the laws enforced at the time
: Describe the laws enforced at the time. List the ecological risks of affected area at the time of spill. How can economic value be allocated in this scenario?
|
Make a cash budget for january and february
: Hudson Company expects to have a cash balance of $43,000 on January 1, 2017. Make a cash budget for January and February
|
Compare and contrast sdlc and 2 other development models
: Compare and contrast SDLC and 2 other development models (give a brief description of the approach, cover the phases, & highlight the strengths and weaknesses).
|
Compute the companys break-even point in units
: Cosmo, Inc. produces memory enhancement kits for DVR machines. Compute the company's break-even point in both units and dollars
|
What is the net income for this firm
: State Farm Insurance, has sales of $817,000, costs of $343,000, depreciation expense of $51,000, What is the net income for this firm
|