1. Proceedings
  2. I3M
  3. 2021
  4. SESDE
  5. 10.46354/i3m.2021.sesde.009

Risk Analysis by Monte Carlo Simulation over Large Offshore Projects 

  • a Agostino G. Bruzzone , 
  • b Kirill Sinelshchikov, 
  • c Federico Tarone, 
  • d Federica Grosso
  • a Simulation Team, Genoa University, via Opera Pia 15, 16145 Genova, Italy
  • b,c,d Simulation Team, via Magliotto, 17100, Savona, Italy
Cite as
Bruzzone A.G., Sinelshchikov K., Tarone F., Grosso F. (2021). Risk Analysis by Monte Carlo Simulation over Large Offshore Projects . Proceedings of the 9th International Workshop on Simulation for Energy, Sustainable Development & Environment (SESDE 2021), pp. 70-74. DOI: https://doi.org/10.46354/i3m.2021.sesde.009

Abstract

Analysis of risks in complex processes involving different stakeholders is a difficult task. In this paper the authors propose a tool which combines data analysis, modeling and simulation and Monte Carlo technique in order to perform assessment of risk in this kind of activities. Case study related to construction of complex offshore solutions for oil & gas sector is presented, while example of estimation of risk to exceed acceptable time is proposed.

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