Risk & Probabilistic Analysis

For over thirty (30) years, Lloyd's Register ODS has conducted innovative research and development studies leading to improved methodologies for the design, analysis, maintenance and life-cycle management of a wide range of structures and systems.

Capitalizing on our extensive experience in related fields, we model uncertainties in structures and systems, and accurately compute risk and reliability allowing our clients to optimize their overall asset life-cycle costs, while maintaining system safety.

Typical projects would include:

• Reliability-based optimal design of ship structures
• Risk-based inspection and maintenance of assets including ships and offshore structures
• Asset assessment by analyzing the quality of lubricants 
• Risk assessment of ageing PSA for NPP components
• Residual strength of pipelines
• Deterioration models for civil infrastructure assets
• Engineering critical assessment of mooring systems
• Fitness-for-purpose assessments of submarine valves
• Finite element based modelling of smart composite structures
• Composite analysis and repair design modelling
• QRA for LNG / LPG operations
• LNG / LPG ship
• Cruise ship modifications
• Comparative risk study on lightering options
• Detailed fuel quality risk assessment surveys

We can also help you assess and manage the operational, technical and project risks connected with your shipboard operations and, in the event of a casualty, our award-winning, 24-hour ship emergency response service can provide integrated support to your contingency arrangements.

Lloyd's Register ODS helps clients achieve their goals of mitigating risk, enhancing performance or improving survivability.

For more information on how Lloyd's Register ODS engineers can help you with risk and probabilistic analysis, please contact us.