Definition(s)
Real-time Model
Uses SCADA data to run in lock step with the actual line or vessel. The goal is for calculated flows and pressures to track telemetered points, with consistent and reasonable accuracy, so that confidence can be gained in the model’s ability to predict future operating conditions, as well as estimate conditions at non-telemetered locations.
Source: IADC UBO / MPD Glossary, December 2011. Global Standards