Reliability analysis of the Federal Reserve automated payments systems

This paper proposes an analytic framework for the reliability assessment of the automated payments systems used by the Federal Reserve Banks. The failure/recovery behavior of the system currently in operation is modeled as a continuous-time Markov process with varying levels of detail, and the availability is calculated for a wide range of component failure frequencies. Furthermore, alternative system configurations are proposed and analyzed.

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Year of publication:	1997
Authors:	Burnetas, Apostolos ; Reynolds, Gregory ; Thomson, James B.
Institutions:	Federal Reserve Bank of Cleveland
Subject:	Federal Reserve banks \| Automation

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Series:	Financial Services working paper.
Type of publication:	Book / Working Paper
Notes:	Number 97-03
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005402074