Development of Decision Analysis Specifically for Arctic Offshore Drilling Islands.

Abstract

The theory and development of decision analysis for alternatives with risks is discussed. A procedure for decision analysis is then developed, by taking advantage of utility and probability theory, and applying this process to Arctic offshore drilling islands. A computer program was written as part of an example that compares three man made islands in the Arctic. Consequences of the three alternatives were based on factors such as ice loading, initial costs, transit time, along with six other attributes. The preferences of the design team for nine consequences, along with the likelihood of any single consequence occurring, was evaluated to obtain the optimum solution. Keywords: Caisson-retained islands, FORTRAN.

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1985
Accession Number
ADA162299

Entities

People

  • David M. Balk

Organizations

  • Texas A&M University

Tags

Communities of Interest

  • C4I
  • Human Systems

DTIC Thesaurus Topics

  • Civil Engineering
  • Computer Programs
  • Computers
  • Construction
  • Decision Theory
  • Engineering
  • Engineers
  • Environment
  • Materials
  • New York
  • Offshore Drilling
  • Offshore Structures
  • Operations Research
  • Probability
  • Reliability
  • Systems Science
  • Universities

Readers

  • Coastal and Marine Engineering/Sediment Transport/Hydraulic Engineering
  • Polar and Arctic Studies
  • Team-Based Human-Centered Cognitive Task Decision Making and Information Performance.