Showing 1 - 7 of 7
We propose an empirical service-operation risk-classification model to provide managerial insights to service providers in terms of risk management. The model is developed through an investigation of the dependencies between the characteristics of service operations in consumer services and the...
Persistent link: https://www.econbiz.de/10009459400
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
It is well known that, given observable data for a competing risk problem, there is always an independent model consistent with the data. It has been pointed out, however, that this independent model does not necessarily have to be one with proper marginals. One purpose of this paper is to...
Persistent link: https://www.econbiz.de/10009459492
Recent work in the field of competing risks enables us to start an assessment of the impact of preventive maintenance on the failure characteristics of a piece of equipment. Competing risk is the term given when more than one factor conspires to take a piece of equipment out of service. A simple...
Persistent link: https://www.econbiz.de/10009459493
Within reliability theory, identifiability problems arise through competing risks. If we have a series system of several components, and if that system is replaced or repaired to as good as new on failure, then the different component failures represent competing risks for the system. It is well...
Persistent link: https://www.econbiz.de/10009459494
Much operational reliability data available, e.g., in the nuclear industry, is heavily right-censored by preventive maintenance. The common methods for dealing with right-censored data (total time on test statistic, Kaplan-Meier estimator, adjusted rank methods) assume the s-independent...
Persistent link: https://www.econbiz.de/10009459495