Application of Monte Carlo Simulation for the Estimation of Production Availability in Offshore Installations

Kwang Pil Chang (), Daejun Chang () and Enrico Zio
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Kwang Pil Chang: Hyundai Heavy Industries
Daejun Chang: Korea Advanced Institute of Science and Technology
Enrico Zio: Politecnico di Milano

Chapter Chapter 11 in Simulation Methods for Reliability and Availability of Complex Systems, 2010, pp 233-252 from Springer

Abstract: Abstract The purpose of this chapter is to show the practical application of the Monte Carlo simulation method in the evaluation of the production availability of offshore facilities, accounting for realistic aspects of system behavior. A Monte Carlo simulation model is developed for a case study to demonstrate the effect of maintenance strategies on the production availability, e.g., by comparing the system performance under different preventive maintenance tasks.

Keywords: Preventive Maintenance; Direct Monte Carlo Simulation; Maintenance Strategy; Monte Carlo Simulation Method; Power Generation System (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:ssrchp:978-1-84882-213-9_11

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DOI: 10.1007/978-1-84882-213-9_11

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