Real time updating of risk assessments during a drilling operation - Alternative bayesian approaches

International Journal of Reliability, Quality and Safety Engineering

Volumn 13, Issue 1, 2006, Pages 85-95

  Sandøy, Malene ^a,b   Aven, Terje ^a,c,d,e  

^a UNIVERSITY OF STAVANGER   (Norway)

^b INTERNATIONAL RESEARCH INSTITUTE OF STAVANGER   (Norway)

^c University of Stavanger ^*  (Norway)

^d Reliability Engineering and System Safety   (Norway)

^e Norwegian Academy of Technological Sciences   (Norway)

Author keywords

Bayesian updating; Drilling operation; Fictional parameters; Probability models

Indexed keywords

BAYESIAN UPDATING; DRILLING OPERATIONS; FICTIONAL PARAMETERS; PROBABILITY MODELS;

DECISION SUPPORT SYSTEMS; DRILLING; PORE PRESSURE; RISK ASSESSMENT;

REAL TIME SYSTEMS;

EID: 33644611810     PISSN: 02185393     EISSN: None     Source Type: Journal    
DOI: 10.1142/S0218539306002112     Document Type: Conference Paper

References (6)

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2. T. Aven, Foundations of Risk Analysis - A Knowledge and Decision Oriented Approach (John Wiley & Sons, Inc., N.Y., 2003).
3. J. Bernardo and A. Smith, Bayesian Theory (John Wiley & Sons, Inc., N.Y., 1994).
4. B. De Finetti, Theory of Probability, Vols. 1 and 2 (John Wiley & Sons, Ltd. Chichester, 1974).
5. D. V. Lindley, Making Decisions (John Wiley &: Sons, Inc., N.Y., 1985).
6. N. D. Singpurwalla and S. P. Wilson, Statistical Methods in Software Engineering (Springer-Verlag, N.Y., 1999).