Volume 3B: Structures, Safety and Reliability 2017
DOI: 10.1115/omae2017-62493
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Value of Information-Based Inspection Planning for Offshore Structures

Abstract: Asset integrity and management is an important part of the oil and gas industry especially for existing offshore structures. With declining oil price, the production rate is an important factor to be maintained that makes integrity of the structures one of the main concerns. Reliability based and risk-based inspection (RRBI) constitutes an efficient method to optimize inspection planning. Basing the inspection planning on pre-posterior Bayesian decision analysis and especially a Value of Information analysis a… Show more

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Cited by 7 publications
(5 citation statements)
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“…Liu and Frangopol [35] presented a risk-based framework for inspection scheduling that will assist decision makers achieve the maximum value of information using Bayesian theory. Their results agreed with the findings of Agusta, et al [36] that NDE methods with a higher PoD provided a higher value of information at earlier stages of the structure service life and reduced the risk of failure.…”
Section: Risk-based Methodssupporting
confidence: 91%
“…Liu and Frangopol [35] presented a risk-based framework for inspection scheduling that will assist decision makers achieve the maximum value of information using Bayesian theory. Their results agreed with the findings of Agusta, et al [36] that NDE methods with a higher PoD provided a higher value of information at earlier stages of the structure service life and reduced the risk of failure.…”
Section: Risk-based Methodssupporting
confidence: 91%
“…In the past, numerous inspection and maintenance planning methods have been developed based on quantitative deterioration models and Bayesian decision theory. 615 However, so far little emphasis has been put on modeling repair actions and determining their decision value characteristics.…”
Section: Introductionmentioning
confidence: 99%
“…In order to simplify the decision analysis, a repair action is performed only if any damage is detected by inspections. This decision rule is practical and VoI-optimal, see [22]. Repaired components are assumed to behave as components with no damage indication.…”
Section: Structural Integrity Management (Sim)mentioning
confidence: 99%