Monograph - 2020
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Monograph Information
Title
Safety and Reliability of Systems and Processes Summer Safety and Reliability Seminar 2020
Editors
Kołowrocki Krzysztof, Poland
Bogalecka Magdalena, Poland
Dąbrowska Ewa, Poland
Torbicki Mateusz, Poland
Publisher
Gdynia Maritime University, 2020
ISBN 978-83-7421-320-2 (printed)
e-ISBN 978-83-7421-321-9 (eBook)
DOI: 10.26408/srsp-2020
Language
English
Licence
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Reliability based models to support risk management decision making
EID Mohamed
Eid Consultant – RiskLyse, France, mohamed.eid(at)risklyse.eu
DOI: 10.26408/srsp-2020-06
ABSTRACT: The chapter has been intended to provide a comprehensive understanding on one class of reliability models used
to perform probabilistic risk assessments. This is the class of binary-based conceptual models. This class of models allows assessing events occurrence, system states identification, states transitions and corresponding relevant probabilistic dynamic quantities. Besides, it allows the binarization of multistate systems so that ever bigger systems can be modelled, under conditions. The term "system" is used in its widest sense to include physical engineering systems, processes, and any structured set of actions/events. Consequently, the modelling capabilities cover sequential events and cycling transitions. The move from "risk management decision-making" to "risk-informed decision-making" paradigm has obviously created the right environment to develop and implement risk-based decision-making models in a variety of sectors. A brief and short non-exhaustive survey is presented identifying sectors using these models to assess risks in support to decision-making.
KEYWORDS: reliability, risk, assessment, decision making
To cite this chapter:
Eid, M. 2020. Reliability based models to support risk management decision making. In K. Kołowrocki et al. (Eds.), Safety and Reliability of Systems and Processes, Summer Safety and Reliability Seminar 2020. Gdynia Maritime University, Gdynia, 77-90, doi:10.26408/srsp-2020-06.