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Keywords: monte carlo simulation
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Proceedings Papers

Paper presented at the Offshore Technology Conference Asia, November 2–6, 2020
Paper Number: OTC-30378-MS
... on two design strength profiles corresponding to the low and high estimates. risk management class jack-up rig artificial intelligence reserves evaluation drilling operation management monte carlo simulation upstream oil & gas jack-up rig strong clay houlsby spudcan monte carlo model...
Proceedings Papers

Paper presented at the Offshore Technology Conference-Asia, March 25–28, 2014
Paper Number: OTC-24946-MS
... the failure probability were explored: First Order/Second Order Reliability Method (FORM/SORM) and Monte Carlo Simulation (MCS). FORM and SORM are approximate methods, but very fast. MCS is an accurate method, but run times can be lengthy, particularly when the defect failure probabilities are low...

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