Showing 1 - 9 of 9
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
This paper combines the use of (binary) logistic regression and stochastic frontier analysis to assess the operational effectiveness of the UK Coastguard (Maritime Rescue) coordination centres over the period 1995-1998. In particular, the rationale for the Government's decision - confirmed in...
Persistent link: https://www.econbiz.de/10009459497
Decisions during the reliability growth development process of engineering equipment involve trade-offs between cost and risk. However slight, there exists a chance an item of equipment will not function as planned during its specified life. Consequently the producer can incur a financial...
Persistent link: https://www.econbiz.de/10009459502
Much failure, and other event, data are commonly highly censored. Consequently this limits the efficacy of many statistical analysis techniques. The limited expected value (LEV) function presents an alternative way of characterizing lifetime distributions. In essence the LEV provides a means of...
Persistent link: https://www.econbiz.de/10009459503
Fully Bayesian approaches to analysis can be overly ambitious where there exist realistic limitations on the ability of experts to provide prior distributions for all relevant parameters. This research was motivated by situations where expert judgement exists to support the development of prior...
Persistent link: https://www.econbiz.de/10009459507
This paper uses a Bayesian belief networks (BBN) methodology to assess the reliability of search and rescue (SAR) operations within the UK coastguard (maritime rescue) coordination centers. This is an extension of earlier work, which investigated the rationale of the government's decision to...
Persistent link: https://www.econbiz.de/10009459644
Now that electronic components have demonstrated high reliability, attention has centered upon enhancing the reliability of electronic systems. We introduce a modeling framework to support decision-making during electronic systems design with a view to enhancing operational reliability. We...
Persistent link: https://www.econbiz.de/10009459796
This paper uses a Bayesian Belief Networks (BBN) methodology to model the reliability of Search And Rescue (SAR) operations within UK Coastguard (Maritime Rescue) coordination centres. This is an extension of earlier work, which investigated the rationale of the government's decision to close a...
Persistent link: https://www.econbiz.de/10009459811
The development of complex systems involves a multi-tier supply chain, with each organisation allocated a reliability target for their sub-system or component part apportioned from system requirements. Agreements about targets are made early in the system lifecycle when considerable uncertainty...
Persistent link: https://www.econbiz.de/10009459876