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Title: Measurement Uncertainty As A Business Tool For Reducing Equity Exposure
Author: David Stewart, Mark Hay
Source: 2006 South East Asia Flow Measurement Conference
Year Published: 2006
Abstract: The evaluation of measurement uncertainty is, or should be, a key requirement in any flow measurement system, whether it be for fiscal purposes or any other purpose, such as allocation or simply process control. In all measurement systems, it is generally the case that the lower the required measurement uncertainty, the higher the financial cost required to achieve it. Thorough evaluation of the system uncertainty helps ensure that the metering system is properly designed, cost effective and fit for purpose, meeting any uncertainty constraints specified legally, through partner agreements or through internal procedures.

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