This undergraduate class serves as an introduction to probability and statistics, with emphasis on engineering applications. The first segment discusses events and their probability, Bayes' Theorem, discrete and continuous random variables and vectors, univariate and multivariate distributions,...

The plan to shift towards renewable energy has recently become the central part of the energy policy on the power system in South Korea. The sudden shift towards renewable energy has raised questions regarding the reliability and flexibility of the power system. This paper proposes a research...

This paper presents a model that determines the optimal budget allocation strategy for the development of new technologies for safety-critical systems over multiple decision periods. The case of the development of a hypersonic passenger airplane is used as an illustration. The model takes into...

The operational capacity represents one of the most important characteristics of the logistic system, from the perspective of its reliability. The present paper describes, concisely, in its first part, the theoretic foundations of the analysis and of the evaluation of a logistic system from the...