Definition(s)
Probabilistic Method
Approach which uses distributions of geometric and material property values to calculate a distribution of performance property values.
Source: API TR 5C3, Technical Report on Equations and Calculations for Casing, Tubing, and Line Pipe Used as Casing or Tubing; and Performance Properties Tables for Casing and Tubing, Upstream Segment, First Edition, December 2008. Global Standards