Showing 1 - 6 of 6
Advances in Mathematical Modeling for Reliability discusses fundamental issues on mathematical modeling in reliability theory and its applications. Beginning with an extensive discussion of graphical modeling and Bayesian networks, the focus shifts towards repairable systems: a discussion about...
Persistent link: https://www.econbiz.de/10009459407
The ALARP principle is applied in many areas to regulate the tolerable level of risk. Usually the principle is operationalized by assigning a value per fatality. A cost-benefit analysis is used to trade the expected value of lives saved with the costs of technical measures required to reduce...
Persistent link: https://www.econbiz.de/10009459431
This paper uses data envelopment analysis (DEA) to assess the operational effectiveness of the UK Coastguard (Maritime Rescue) coordination centres over the period 1995-1998. Based on the development of a performance measurement framework that is considerably more realistic and complex than the...
Persistent link: https://www.econbiz.de/10009459496
This paper combines the use of (binary) logistic regression and stochastic frontier analysis to assess the operational effectiveness of the UK Coastguard (Maritime Rescue) coordination centres over the period 1995-1998. In particular, the rationale for the Government's decision - confirmed in...
Persistent link: https://www.econbiz.de/10009459497
Decisions during the reliability growth development process of engineering equipment involve trade-offs between cost and risk. However slight, there exists a chance an item of equipment will not function as planned during its specified life. Consequently the producer can incur a financial...
Persistent link: https://www.econbiz.de/10009459502
Fully Bayesian approaches to analysis can be overly ambitious where there exist realistic limitations on the ability of experts to provide prior distributions for all relevant parameters. This research was motivated by situations where expert judgement exists to support the development of prior...
Persistent link: https://www.econbiz.de/10009459507