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.
CITATION STYLE
Chang, K. P., Chang, D., & Zio, E. (2010). Application of monte carlo simulation for the estimation of production availability in offshore installations. In Springer Series in Reliability Engineering (Vol. 36, pp. 233–252). Springer London. https://doi.org/10.1007/978-1-84882-213-9_11
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