Simulation of off-shore oil operations accounting for weather incidences
Tutor / director / evaluatorBarceló Bugeda, Jaime
Document typeMaster thesis
Rights accessOpen Access
In this work we will simulate the voyage of one vessel, servicing three instal- lations before returning to the base. This will be done by using a discrete event simulation, with a submodel for the stochastic component, the significant wave height. To account for the volatility in the weather data, the weather submodel is based on univariate Garch models, and a multivariate DCC model, both paired with an Ornstein-Uhlenbeck process.