Risk and Uncertainty Reduction By Using Algebraic Inequalities

This book provides the reader with a domain-independent method for reducing risk through maximizing reliability, reducing epistemic uncertainty, reducing aleatory uncertainty, ranking the reliabilities of systems and processes, minimizing the risk of faulty assemblies, and ranking decision-making alternatives in the presence of deep uncertainty.

About the author

Michael T. Todinov, PhD, has a background in mechanical engineering, applied mathematics and computer science. Prof.Todinov pioneered reliability analysis based on the cost of failure, repairable flow networks and networks with disturbed flows, domain-independent methods for reliability improvement and risk reduction and reducing risk and uncertainty by using algebraic inequalities.

Summary

This book provides the reader with a domain-independent method for reducing risk through maximizing reliability, reducing epistemic uncertainty, reducing aleatory uncertainty, ranking the reliabilities of systems and processes, minimizing the risk of faulty assemblies, and ranking decision-making alternatives in the presence of deep uncertainty.

Product details

• Authors: Todinov Michael T., Michael T. Todinov, Michael T. (Professor Todinov
• Publisher: Taylor & Francis Ltd.
• Content: Book
• Product form: Paperback / Softback
• Publication date: 07.10.2024
• Subject: Social sciences, law, business > Business > Individual industrial sectors, branches; Natural sciences, medicine, IT, technology > Mathematics > Analysis
• EAN: 9780367504014
• ISBN: 978-0-367-50401-4
• Pages: 190
• Subjects: TECHNOLOGY & ENGINEERING / Quality Control, TECHNOLOGY & ENGINEERING / Industrial Engineering, Industrial quality control, Stochastic Processes, Probabilistic modeling, Uncertainty Quantification, Positive real numbers, Reliability Improvement, epistemic uncertainty, system reliability analysis, engineering risk assessment, Parallel Series System, Condition Monitoring Devices, Domain Independent Approach, Tight Upper Bound, Elastic Elements, Intrinsic Reliability, Real Physical System, Condition Monitoring Equipment, Cauchy Schwarz Inequality, Equivalent Resistance, Equivalent Stiffness, Pre-selected Threshold, Aleatory uncertainty, Equivalent Spring Constant, Original Inequality, Equivalent Thermal Resistance, Clamping Force, Chebyshev inequality, mathematical optimization methods, advanced reliability engineering techniques