Reliability and Risk Models

A comprehensively updated and reorganized new edition. The updates include comparative methods for improving reliability; methods for optimal allocation of limited resources to achieve a maximum risk reduction; methods for improving reliability at no extra cost and building reliability networks for engineering systems. <p>Includes:</p> <ul> <li>A unique set of 46 generic principles for reducing technical risk</li> <li>Monte Carlo simulation algorithms for improving reliability and reducing risk</li> <li>Methods for setting reliability requirements based on the cost of failure</li> <li>New reliability measures based on a minimal separation of random events on a time interval</li> <li>Overstress reliability integral for determining the time to failure caused by overstress failure modes</li> <li>A powerful equation for determining the probability of failure controlled by defects in loaded components with complex shape</li> <li>Comparative methods for improving reliability which do not require reliability data</li> <li>Optimal allocation of limited resources to achieve a maximum risk reduction</li> <li>Improving system reliability based solely on a permutation of interchangeable components</li> </ul>