Stochastic Models in Reliability Engineering

23 Dependability Analysis of Ship Propulsion Systems

Thomas Markopoulos and Agapios N. Platis

DOI: 10.4324/9780429331527-23

CONTENTS

• 23.1 Introduction
• 23.2 Data and Methodology
• 23.3 Results
• 23.4 Conclusions and Discussion
• References

23.1 Introduction

The importance of maritime transportation is shown by its role in global trade. According to the available information (UNCTAD, 2017) it represents 80% of global trade by volume and 70% of its value, and the expected growth for the next five years is approximately 4% (UNCTAD, 2018). The reason for the huge share of the global transportation industry is its efficiency (Di Natale and Carotenuto, 2015). The number of existing vessels (more than 50,000 worldwide), combined with their fuel consumption ...