Ageing and dependence are two important characteristics in reliability and survival analysis. They affect significantly the decision people make with regard to maintenance, repair/replacement, price setting, warranties, medical studies, and other areas. This book aims at providing a state-of-the-art review of the subject so the interested readers may have a panoramic view of the theory and applications of the two areas. There are many papers published at different technical levels, but mostly these are theoretical in nature. This book offers applications, exercises, and examples. It will serve as reference book for professors and researchers involved in reliability and survival analysis. Students with basic probability and statistics knowledge interested in applications will also find the book useful. Between them the authors have published peer–reviewed papers and well-received books.