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- W4239884770 abstract "Abstract In reliability analysis, one is interested in studying the reliability of a technological system being small or large. As examples of small systems, we have washing machines and cars, whereas tankers, oil rigs, and nuclear power plants are examples of large systems. By the reliability of a system, we will mean the probability that it functions as intended. It might be tacitly assumed that we consider the system only for a specified period of time (for instance, one year) and under specified conditions (for instance, disregarding war actions and sabotage). Furthermore, one has to make clear what is meant by functioning. For oil rigs and nuclear power plants, it might be to avoid serious accidents such as a blowout or a core‐melt. Reliability analysis is a very helpful tool in risk assessment when determining the insurance premiums for risks, especially of rare events, associated with large systems consisting of both technological and human components. Furthermore, reliability analysis is relevant in risk management of any technological system, the aim now being to say something helpful on how to avoid accidents. This is an area of growing importance representing an enormous challenge for an insurance company." @default.
- W4239884770 created "2022-05-12" @default.
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- W4239884770 date "2004-09-24" @default.
- W4239884770 modified "2023-10-12" @default.
- W4239884770 title "Reliability Analysis" @default.
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- W4239884770 doi "https://doi.org/10.1002/9780470012505.tar020" @default.
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