School of Engineering and Technology, (SET) | ||||
CE71.9010 : Selected Topic: Probability, Statistics and Uncertainty for Oil and Gas Decision Making 3(3-0) | ||||
Course objectives: | ||||
The oil and gas industry involves large projects with large amounts of uncertainty, including global supply, demand and price of hydrocarbon fuels. Because of these uncertainties, decisions about offshore infrastructure (design, installation, operations and cost) involve probabilities of the infrastructure to operate as intended for specified lifespans. Probability, statistics and uncertainty are fundamental to making decisions regarding offshore field development, operations and decommissioning. |
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Learning Outcomes: | ||||
Probability theory and statistics, structural safety, system reliability, safety index, Limit State function, reliability methods, Goodness-of-fit tests, Monte-Carlo simulation, etc. Also included are practical assignments and presentations on the application of course materials in the offshore industry. |
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Pre-requisite(s): | ||||
None |
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Course Outline: | ||||
1. Introduction to safety and reliability of engineering systems (3 hours) |
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Laboratory Sessions: | ||||
None |
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Learning Resources: | ||||
Textbook: | ||||
Lecture notes and technical papers |
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Reference Books: | ||||
[1] Alfredo H-S. Ang and Wilson H. Tang, Probability Concepts in Engineering and Design, Volume I – Basic Principles, John Wiley & Sons, New York, 1975. |
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Journals and Magazines: | ||||
[1] Reliability Engineering and System Safety |
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Evaluation Scheme: | ||||
The final grade will be computed according to the following weight distribution: mid-semester exam (50%), assignments/projects (20%) and final examination (30%). |
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Instructor(s): | ||||
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