The 2008/9 financial crisis highlighted the importance of evaluating vulnerabilities owing to interconnectedness, or Too-Connected-to-Fail risk, among financial institutions for country monitoring, financial surveillance, investment analysis and risk management purposes. This paper illustrates...

This report introduces a new perspective on the basic concept of dependent failures where the definition of dependency is based on clustering in failure times of similar components. This perspective has two significant implications: first, it relaxes the conventional assumption that dependent...

This paper describes statistical software developed at the Savannah River Site (SRS) to analyze event time of occurrence data extracted from fault tree data banks and/or user defined input data files. Five different distributions can currently be fit to the empirical data: normal, lognormal,...