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

  • Kwang Pil Chang
  • Daejun Chang
  • Enrico Zio
Chapter
Part of the Springer Series in Reliability Engineering book series (RELIABILITY)

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 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag London Limited 2010

Authors and Affiliations

  • Kwang Pil Chang
    • 1
  • Daejun Chang
    • 2
  • Enrico Zio
    • 3
  1. 1.Hyundai Industrial Research InstituteHyundai Heavy IndustriesUlsanKorea, Republic of
  2. 2.Dept. of Ocean Systems EngineeringKorea Advanced Institute of Science and TechnologyDaejeonKorea, Republic of
  3. 3.Energy DepartmentPolitecnico di MilanoMilanItaly

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