Abstract
Abstract: The approach used to calculate downtime for complicated projects is consistent with the literature: simulation. Researchers evaluate current downtime study on Shipping Corporation in this report. As a result, the existing approach for determining downtime for complex projects is untrustworthy; in fact, due to the significant simulation uncertainty, it is highly unsafe to utilise current methodology to make predictions on downtime distribution. We advocate utilising a stochastic metocean condition generator in the simulation to reduce simulation uncertainty. These uncertainties, however, may be managed by the model used, & they can also be quantified. Finally, a comparison1should be drawn between simulation uncertainty in HADDOCK & combined model, parametric, & simulation uncertainty in a stochastic model simulation. Keywords: Marine operation, downtime analysis, Assessment advantages and limitations
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