This report examines a number of exploration campaigns that have taken place during the last 700 years, and considers them from a risk perspective. The explorations are those led by Christopher Columbus, Sir Walter Raleigh, John Franklin, Sir Ernest Shackleton, the Company of Scotland to Darien...

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....

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...

The resilience of supply networks to catastrophic events has received increased prominence following the effects on global supply of intentional and natural hazards, such as 9/11 and the Japanese tsunami respectively. We examine how supply network resilience relates to, for example, reliability,...

There is increasing interest in the resilience of supply chains given the growing awareness of their vulnerabilities to natural and man-made events. Covid-19 is one recent example where supply chain vulnerabilities have been exposed. In the academic literature, there has been limited...

In this paper we show how sensitivity analysis for a maintenance optimisation problem can be undertaken by using the concept of Expected Value of Perfect Information (EVPI). This concept is important in a decision-theoretic context such as the maintenance problem, as it allows us to explore the...