Introduction to Stochastic Dynamics

Abstract

This chapter deals with introduction to stochastic dynamics and its application to offshore structures. This chapter introduces the basics of reliability approach to the ultimate load design, levels of reliability, methods of reliability, reliability estimates, and limitation. The limitations and advantages of stochastic models are also explained. A quick preview about FOSM and advanced FOSM is also given in this chapter. Introduction to fatigue and fracture assessment is also provided.