Analysis in which a probabilistic approach is taken to model the random nature of the variables of interest. NOTE In general, a linear(ized) stochastic analysis can be performed in the frequency domain or in the time domain, whereas non-linear stochastic analysis can only use time domain simulations. This part of ISO 19905 does not support frequency domain stochastic analysis.
Source: ISO 19905-1:202, Petroleum and natural gas industries – Site-specific assessment of mobile offshore units – Part 1: Jack-ups. Global Standards