(2020). Global Oceans 2020: Singapore – U.S. Gulf Coast. Oceans (New York). IEEE: USA. ISBN 978-1-7281-8409-8; e-ISBN 978-1-7281-5446-6. [diff. pag.] pp. https://dx.doi.org/10.1109/IEEECONF38699.2020
Part of: Oceans (New York). IEEE: New York. ISSN 0197-7385, more
Keyword
Marine/Coastal
Abstract
With increasing offshore-related commerce, the choice of appropriate operations and maintenance activities must take into consideration safety, costs and performance targets. Stochastic weather conditions at each site of interest presents uncertain situations. We present an optimized decision-making procedure that seeks to maximize monetary benefits while minimizing safety risks. Our proposed approach outlines and illustrates application of such a policy by incorporating traditional weather window analysis using a Markov Decision Process approach. In particular, the approach is applied in case study involving the operation of a multipurpose platform at an offshore Scotland site.
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