Showing 1 - 5 of 5
This paper proposes a mathematical model to associate key operational, managerial and design characteristics of a system with the system's susceptibility towards common cause failure (CCF) events. The model, referred to as the geometric scaling (GS) model, is a mathematical form that allows us...
Persistent link: https://www.econbiz.de/10009459401
Classical approaches to estimating the rate of occurrence of events perform poorly when data are few. Maximum likelihood estimators result in overly optimistic point estimates of zero for situations where there have been no events. Alternative empirical-based approaches have been proposed based...
Persistent link: https://www.econbiz.de/10009459422
Bayesian methods are common in reliability and risk assessment, however, such methods often demand a large amount of specification and can be computationally intensive. Because of this, many practitioners are unable to take advantage of many of the benefits found in a Bayesian-based approach....
Persistent link: https://www.econbiz.de/10009459429
Bayesian methods are common in reliability and risk assessment, however, such methods often demand a large amount of specification and can be computationally intensive. Because of this, many practitioners are unable to take advantage of many of the benefits found in a Bayesian-based approach....
Persistent link: https://www.econbiz.de/10009459635
This paper presents a competing risks reliability model for a system that releases signals each time its condition deteriorates. The released signals are used to inform opportunistic maintenance. The model provides a framework for the determination of the underlying system lifetime from...
Persistent link: https://www.econbiz.de/10009459756