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Risk Analysis for the Selected MERMAID Final Designs

Author

Listed:
  • Peter A. Xepapadeas
  • Amerissa Giannouli
  • Phoebe Koundouri
  • Aris Moussoulides
  • Stella Tsani

    (Athens University of Economics and Business)

  • Anastasios Xepapadeas

Abstract

This chapter presents the risk analysis results of the application of the Methodology for Integrated Socio-Economic Assessment (MISEA) which was developed in the MERMAID Project with regards to the different proposed designs of novel Multi-Use Offshore Platforms (MUOPs). For this purpose, sensitivity analysis of critical variables based on values given by experts and Monte Carlo simulation were undertaken to analyze the risk of developing these platforms. The approach integrates the results of the assessment discussed in the previous chapters. Both sensitivity analysis and Monte Carlo simulations approaches are compared.

Suggested Citation

  • Peter A. Xepapadeas & Amerissa Giannouli & Phoebe Koundouri & Aris Moussoulides & Stella Tsani & Anastasios Xepapadeas, 2017. "Risk Analysis for the Selected MERMAID Final Designs," DEOS Working Papers 1713, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:1713
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