Page 24 - Pipelines and Risers

Contents XXI

25.1.2 Probabilistic vs. Deterministic LCC models ................................................................................ 468
25.1.3 Economic Value Analysis ............................................................................................................ 468
25.2 Initial Cost ............................................................................................................................................ 469
25.2.1 General ......................................................................................................................................... 469
25.2.2 Management ................................................................................................................................. 470
25.2.3 DesignRngineering Services ....................................................................................................... 471
25.2.4 Materials and Fabrication .............................................................................
25.2.5 Marine Operations. .................................... ............................... 472
25.2.6 Operation ...................................................................................................................................... 472
25.3 Financial Risk ...................................................................................................................................... 472
25.3.1 General .............................................................. ................................. 472
25.3.2 Probability of Failure ........................................ ................................ ,473
25.3.3 Consequence ..................................................... ................................ 473
25.4 Time value of Money ................................................ ................................ 475
25.5 Fabrication Tolerance Example Using the Life-Cycl ................................ 476
25.5.1 General ..................................................................................... ..................................... ,476
25.5.2 Background ....................................................... ................................ 476
25.5.3 Step 1- Definition of Structure ..................................................................................................... 476
25.5.4 Step 2- Quality Aspect Considered .............................................................................................. 476
25.5.5 Step 3- Failure Modes Considered ............................................................................................... 476
25.5.6 Step 4- Limit State Equations ...................................................................................................... 476
25.5.7 Step 5- Definition of Parameters and Variables ................................
25.5.8 Step 6- Reliability Analysis
25.5.9 Step 7- Cost of Consequenc
25.5.10 Step 8- Calculation of Expected Co
25.5.1 1 Step 9- Initial Cost .........................
25.5.12 Step IO- Comparison of Life-Cycle
25.6 On-Bottom Stability Example ....................
25.6.1 Introduction ........................................
25.6.2 Step 1- Definition of System ...............
25.6.3 Step 2- Quality Aspects Considered..
25.6.4 Step 3- Failure Modes ........................
25.6.5 Step 4- Limit State Equations ............
25.6.6 Step 5- Definition of Variables and Parameters ........................................................................... 486
25.6.7 Step 6- Reliability Analysis ...................................................................................................
25.6.8 Step 7- Cost of Consequence ....................................................................................................... 486
25.6.9 Step 8- Expected Cost .................................................................................................................. 486
25.6.10 Step 9- Initial Cost ................................................................................................................... 487
25.6.1 1 Step 10- Comparison of Life-Cycle Cost ................................................................................. 487
25.7 References ............................. .............................................................................................. 487

Chapter 26 Design Examples 489
26.1 General. ....................................................................................... 489

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Subject Index 497