Abstract
We develop a model to capture state-of-knowledge, as well as aleatory, uncertainties associated with off-shore wind farm technologies, processes and environments. Our goal is to better understand systemic technology risks and support investment decisions for effective, efficient risk management. Typical epistemic uncertainties present in the offshore wind context are articulated. A protocol for eliciting expert judgment to quantify variables representing epistemic uncertainties and other relevant model parameters is presented. We discuss the elicitation of judgments from an expert panel of energy company technical specialists and show an application of our model to a generic new design offshore wind farm.
Original language | English |
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Title of host publication | Safety and Reliability |
Subtitle of host publication | Methodology and Applications : European Safety and Reliability Conference, ESREL 2014 |
Editors | Tomasz Nowakowski, Marek Młyńczak, Anna Jodejko-Pietruczuk, Sylwia Werbińska-Wojciechowska |
Place of Publication | Croyden |
Pages | 805–812 |
Number of pages | 8 |
DOIs | |
Publication status | Published - 1 Sept 2014 |
Keywords
- epistemic uncertainty
- decision support systems
- offshore wind farms