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| Author: | Bowers, J. Mould, G. |
| Title: | Weather risk in offshore projects |
| Journal: | Journal of the Operational Research Society
1994 : APR, VOL. 45:4, p. 409-418 |
| Index terms: | PROJECT MANAGEMENT RISK OIL POLLUTION |
| Language: | eng |
| Abstract: | Risk analysis tools have been used to help manage various projects. This paper describes a case study in which an extension to the stochastic project network model was developed for a risk analysis of an oil platform installation , quantifying the possible impact of the weather on the project's schedule. Examination of the weather data suggested the use of a Marcov weather model combined with a separate residence time distribution for key states. |
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