Offers a shift in the existing paradigm for conducting reliability analyses. This book covers risk-based reliability analysis and generic principles for reducing risk. It provides a measure of risk based on the distribution of the potential losses from failure as well as the basic principles for risk-based design.
"The referee finds this book quite interesting and recommends to the students of reliability and researchers to have a closer look at it so that further research can be initiated to develop tools hitherto were not possible and a realist approach to risk-based reliability design of systems is possible. This book should be a good addition to a library of books on reliability and risk." --International Journal of Performability Engineering







