A. Bruzzone, K. Sinelshchikov, F. Tarone, Federica Grosso
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Risk Analysis by Monte Carlo Simulation over Large Offshore Projects
Analysis of risks in complex processes involving different stakeholders is a difficult task. In this paper the authors propose a tool which combines data analysis, modeling and simulation and Monte Carlo technique in order to perform assessment of risk in this kind of activities. Case study related to construction of complex offshore solutions for oil & gas sector is presented, while example of estimation of risk to exceed acceptable time is proposed