Risk-Based Reliability Analysis and Generic Principles for Risk Reduction

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9780080447285: Risk-Based Reliability Analysis and Generic Principles for Risk Reduction

This book has been written with the intention to fill two big gaps in the reliability and risk literature: the risk-based reliability analysis as a powerful alternative to the traditional reliability analysis and the generic principles for reducing technical risk.

An important theme in the book is the generic principles and techniques for reducing technical risk. These have been classified into three major categories: preventive (reducing the likelihood of failure), protective (reducing the consequences from failure) and dual (reducing both, the likelihood and the consequences from failure). Many of these principles (for example: avoiding clustering of events, deliberately introducing weak links, reducing sensitivity, introducing changes with opposite sign, etc.) are discussed in the reliability literature for the first time.

Significant space has been allocated to component reliability. In the last chapter of the book, several applications are discussed of a powerful equation which constitutes the core of a new theory of locally initiated component failure by flaws whose number is a random variable.

  • Offers a shift in the existing paradigm for conducting reliability analyses
  • Covers risk-based reliability analysis and generic principles for reducing risk
  • Provides a new measure of risk based on the distribution of the potential losses from failure as well as the basic principles for risk-based design
  • Incorporates fast algorithms for system reliability analysis and discrete-event simulators
  • Includes the probability of failure of a structure with complex shape expressed with a simple equation

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From the Back Cover:

This is the first book covering risk-based reliability analysis and generic principles for reduction of technical risk.
Traditionally, reliability analyses have been oriented towards selecting the system with the largest reliability. On the basis of counterexamples, we demonstrate that selecting the more reliable system does not necessarily mean selecting the system with the smaller losses from failures! An underlying theme in the book is the basic principle for a risk-based design: the larger the cost of failure associated with a component, the larger its minimum necessary reliability level. Even identical components should be designed to different reliability levels if their failures are associated with different losses. Accordingly, a new measure of risk, based on the distribution of the potential losses from failure has been introduced. The corresponding theoretical framework, models and algorithms are also introduced, which form the foundations of a reliability analysis linked with the potential losses from failures.
For the purpose of determining the potential losses, discrete event-driven simulators are presented capable of tracking the potential losses for systems with complex topology, composed of a large number of components. The simulators are based on new, very efficient algorithms for system reliability analysis of systems comprising thousands of components.
Important underlying themes in the book are the generic principles and techniques for reducing technical risk. These have been classified into three major categories: preventive (reducing the likelihood of failure), protective (reducing the consequences from failure) and dual (reducing both, the likelihood and the consequences from failure). Many of these principles and techniques are discussed in the reliability literature for the first time.
The book also features the probability of failure of a structure with complex shape caused by flaws, expressed with a single simple equation.

About the Author:

Prof. Todinov’s background is Engineering, Mathematics and Computer Science. He holds a PhD and a higher doctorate (DEng) from the University of Birmingham. His name is associated with key results in the areas: Reliability and Risk, Flow networks, Probability, Statistics of inhomogeneous media, Theory of phase transformations, Residual stresses and Probabilistic fatigue and fracture.

M.Todinov pioneered research on: the theory of repairable flow networks and networks with disturbed flows, risk-based reliability analysis - driven by the cost of system failure, fracture initiated by flaws in components with complex shape, reliability dependent on the relative configurations of random variables and optimal allocation of a fixed budget to achieve a maximal risk reduction.

A sample of M.Todinov’s results include: introducing the hazard stress function for modelling the probability of failure of materials and deriving the correct alternative of the Weibull model; stating a theorem regarding the exact upper bound of properties from multiple sources and a theorem regarding variance of a distribution mixture; the formulation and proof of the necessary and sufficient conditions of the Palmgren-Miner rule and Scheil’s additivity rule; deriving the correct alternative of the Johnson-Mehl-Avrami-Kolmogorov equation and stating the dual network theorems for static flows networks and networks with disturbed flows.

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Book Description ELSEVIER SCIENCE TECHNOLOGY, United Kingdom, 2006. Hardback. Book Condition: New. Language: English . Brand New Book. This book has been written with the intention to fill two big gaps in the reliability and risk literature: the risk-based reliability analysis as a powerful alternative to the traditional reliability analysis and the generic principles for reducing technical risk. An important theme in the book is the generic principles and techniques for reducing technical risk. These have been classified into three major categories: preventive (reducing the likelihood of failure), protective (reducing the consequences from failure) and dual (reducing both, the likelihood and the consequences from failure). Many of these principles (for example: avoiding clustering of events, deliberately introducing weak links, reducing sensitivity, introducing changes with opposite sign, etc.) are discussed in the reliability literature for the first time. Significant space has been allocated to component reliability. In the last chapter of the book, several applications are discussed of a powerful equation which constitutes the core of a new theory of locally initiated component failure by flaws whose number is a random variable. Bookseller Inventory # AA59780080447285

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Book Description ELSEVIER SCIENCE TECHNOLOGY, United Kingdom, 2006. Hardback. Book Condition: New. Language: English . Brand New Book. This book has been written with the intention to fill two big gaps in the reliability and risk literature: the risk-based reliability analysis as a powerful alternative to the traditional reliability analysis and the generic principles for reducing technical risk. An important theme in the book is the generic principles and techniques for reducing technical risk. These have been classified into three major categories: preventive (reducing the likelihood of failure), protective (reducing the consequences from failure) and dual (reducing both, the likelihood and the consequences from failure). Many of these principles (for example: avoiding clustering of events, deliberately introducing weak links, reducing sensitivity, introducing changes with opposite sign, etc.) are discussed in the reliability literature for the first time. Significant space has been allocated to component reliability. In the last chapter of the book, several applications are discussed of a powerful equation which constitutes the core of a new theory of locally initiated component failure by flaws whose number is a random variable. Bookseller Inventory # AA59780080447285

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