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Dynamic positioning (DP) is a computer-controlled system to automatically maintain a vessel's position and heading by using its own propellers and thrusters. Position reference sensors, combined with wind sensors, motion sensors and gyrocompasses , provide information to the computer pertaining to the vessel's position and the magnitude and ...
Dynamic positioning (DP) is a computerised system which allows vessels to maintain a certain position or heading by controlling the thrust produced by the vessel's thrusters and propellers.
System dynamics is an aspect of systems theory as a method to understand the dynamic behavior of complex systems. The basis of the method is the recognition that the structure of any system, the many circular, interlocking, sometimes time-delayed relationships among its components, is often just as important in determining its behavior as the ...
In mathematics, a dynamical system is a system in which a function describes the time dependence of a point in an ambient space, such as in a parametric curve. Examples include the mathematical models that describe the swinging of a clock pendulum , the flow of water in a pipe , the random motion of particles in the air , and the number of fish ...
Dynamic pricing, also referred to as surge pricing, demand pricing, or time-based pricing, and variable pricing, is a revenue management pricing strategy in which businesses set flexible prices for products or services based on current market demands. It usually entails raising prices during periods of peak demand and lowering prices during ...
An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.
A local positioning system (LPS) is a navigation system that provides location information in all weather, anywhere within the coverage of the network, where there is an unobstructed line of sight to three or more signaling beacons of which the exact position on Earth is known.
Since the drillship is also a vessel, it can easily relocate to any desired location. Due to their mobility, drillships are not as stable compared to semi-submersible platforms. To maintain its position, drillships may utilize their anchors or use the ship's computer-controlled system on board to run off its dynamic positioning. [10]