For a long time, conventional reliability analyses have been oriented towards selecting the more reliable system and preoccupied with maximising the reliability of engineering systems. On the basis of counterexamples, however, we demonstrate that selecting the more reliable system does not necessarily mean selecting the system with the smaller losses from failures! As a result, reliability analyses should necessarily be risk-based, linked with the losses from failures. Accordingly, a theoretical framework and models are presented, which form the foundations of the reliability analysis and reliability allocation linked with the losses from failures.
EAN/ISBN : 9780080467559
Publisher(s): Elsevier Science
Format: ePub/PDF

Author(s): Todinov, Michael T.