Page 34 - Marine Structural Design
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Chapter I  Introduction                                                 11

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                                                                  Magnitude
                          Figure 1.4   Structural Reliability Concepts
               System reliability deals with the evaluation of failure probability where more than one limit-
               state function must be considered. There are two types of basic systems: series systems and
               parallel systems. A system is called a series system if it is in a state of failure whenever any of
               its  elements fails.  Such  systems are  often referred  to  as  weakest-link systems. A  typical
               example of this is marine pipelines and  risers. A parallel system fails only when  all of its
               elements fail.
               Structural reliability analysis has been used  to  determine load combinations, derive design
               criteria, and plan in-service inspection.
               The life-cycle cost of a marine structure consists of:

                  Initial investment relating to the steel weight and manufacturing process

               . Maintenance cost

               .  Loss caused by damage or failure - a risk resulted expenditure
              Degradation or  failure  of  a  structural system  may  lead  to  a  reductiodshut-down of  the
              operation and losddamage of the structure. The owner and the builder want a structure with a
              low initial cost, the highest possible operating margin, and an extendable operating period. A
              life-cycle cost model, based on probabilistic economics may be a useful tool to improve the
              design analysis, inspection, and maintenance.
              This is further illustrated in Figure 1.5 where the total cost is the sum of the initial investment
              and  maintenance cost  plus  the  loss  caused by  structural damage/failure. The  relationship
              between the reliability and cost is shown in this figure. A target reliability level may then be
              estimated based  on cost optimization, if  it  is higher than the value required by  legislative
              requirements.
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