A comprehensively updated and reorganized new edition. The updates include comparative methods for improving reliability; methods for optimal allocation of limited resources to achieve a maximum risk reduction; methods for improving reliability at no extra cost and building reliability networks for engineering systems.

Includes:

• A unique set of 46 generic principles for reducing technical risk
• Monte Carlo simulation algorithms for improving reliability and reducing risk
• Methods for setting reliability requirements based on the cost of failure
• New reliability measures based on a minimal separation of random events on a time interval
• Overstress reliability integral for determining the time to failure caused by overstress failure modes
• A powerful equation for determining the probability of failure controlled by defects in loaded components with complex shape
• Comparative methods for improving reliability which do not require reliability data
• Optimal allocation of limited resources to achieve a maximum risk reduction
• Improving system reliability based solely on a permutation of interchangeable components

Michael Todinov Oxford Brookes University, UK