Definition(s)
Expected Value
First-order statistical moment of the probability density function for the considered variable that, in the case of a time-dependent parameter, can be associated with a specific reference period.
Source: ISO 19901-7:2013, Petroleum and natural gas industries – Specific requirements for offshore structures – Part 7: Stationkeeping systems for floating offshore structures and mobile offshore units. Global Standards
Expected Value
The most probable value of a load during a specified time period.
Source: Offshore Standard DNV-OS-C101, Design of Offshore Steel Structures, General (LRFD Method, Det Norske Veritas, April 2011. Global Standards