Risk-based determination of design pressure of LNG fuel storage tanks based on dynamic process simulation combined with Monte Carlo method

This study proposes a new methodology that combines dynamic process simulation (DPS) and Monte Carlo simulation (MCS) to determine the design pressure of fuel storage tanks on LNG-fueled ships. Because the pressure of such tanks varies with time, DPS is employed to predict the pressure profile. Though equipment failure and subsequent repair affect transient pressure development, it is difficult to implement these features directly in the process...