Stochastic Orders in Reliability and Risk

Stochastic Orders in Reliability and Risk PDF Author: Haijun Li
Publisher: Springer Science & Business Media
ISBN: 1461468922
Category : Mathematics
Languages : en
Pages : 459

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Book Description
Stochastic Orders in Reliability and Risk Management is composed of 19 contributions on the theory of stochastic orders, stochastic comparison of order statistics, stochastic orders in reliability and risk analysis, and applications. These review/exploratory chapters present recent and current research on stochastic orders reported at the International Workshop on Stochastic Orders in Reliability and Risk Management, or SORR2011, which took place in the City Hotel, Xiamen, China, from June 27 to June 29, 2011. The conference’s talks and invited contributions also represent the celebration of Professor Moshe Shaked, who has made comprehensive, fundamental contributions to the theory of stochastic orders and its applications in reliability, queueing modeling, operations research, economics and risk analysis. This volume is in honor of Professor Moshe Shaked. The work presented in this volume represents active research on stochastic orders and multivariate dependence, and exemplifies close collaborations between scholars working in different fields. The Xiamen Workshop and this volume seek to revive the community workshop tradition on stochastic orders and dependence and strengthen research collaboration, while honoring the work of a distinguished scholar.

An Introduction to Stochastic Orders

An Introduction to Stochastic Orders PDF Author: Felix Belzunce
Publisher: Academic Press
ISBN: 0128038268
Category : Mathematics
Languages : en
Pages : 175

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Book Description
An Introduction to Stochastic Orders discusses this powerful tool that can be used in comparing probabilistic models in different areas such as reliability, survival analysis, risks, finance, and economics. The book provides a general background on this topic for students and researchers who want to use it as a tool for their research. In addition, users will find detailed proofs of the main results and applications to several probabilistic models of interest in several fields, and discussions of fundamental properties of several stochastic orders, in the univariate and multivariate cases, along with applications to probabilistic models. - Introduces stochastic orders and its notation - Discusses different orders of univariate stochastic orders - Explains multivariate stochastic orders and their convex, likelihood ratio, and dispersive orders

Stochastic Orders and Their Applications

Stochastic Orders and Their Applications PDF Author: Moshe Shaked
Publisher:
ISBN:
Category : Mathematics
Languages : en
Pages : 580

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Book Description
Stochastic orders and inequalities are being used at an accelerated rate in many diverse areas of probability and statistics. This book provides the first unified, systematic, and accessible treatment of stochasticorders, addressing the growing importance of these orders with the presentation of numerous results that illustrate their usefulness and applicability. Ten insightful chapters emphasize the applications by specialists in probability and statistics, economics, operations research, and reliability theory. Applications include multivariate variability, epidemics, comparisons of risk and risk aversion, scheduling, and systems reliability theory.

Stochastic Orders and Decision Under Risk

Stochastic Orders and Decision Under Risk PDF Author: Karl C. Mosler
Publisher: IMS
ISBN: 9780940600263
Category : Education
Languages : en
Pages : 414

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Book Description


Stochastic Orders and Applications

Stochastic Orders and Applications PDF Author: Karl Mosler
Publisher: Springer Science & Business Media
ISBN: 3642499724
Category : Mathematics
Languages : en
Pages : 385

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Book Description
A bibliography on stochastic orderings. Was there a real need for it? In a time of reference databases as the MathSci or the Science Citation Index or the Social Science Citation Index the answer seems to be negative. The reason we think that this bibliog raphy might be of some use stems from the frustration that we, as workers in the field, have often experienced by finding similar results being discovered and proved over and over in different journals of different disciplines with different levels of mathematical so phistication and accuracy and most of the times without cross references. Of course it would be very unfair to blame an economist, say, for not knowing a result in mathematical physics, or vice versa, especially when the problems and the languages are so far apart that it is often difficult to recognize the analogies even after further scrutiny. We hope that collecting the references on this topic, regardless of the area of application, will be of some help, at least to pinpoint the problem. We use the term stochastic ordering in a broad sense to denote any ordering relation on a space of probability measures. Questions that can be related to the idea of stochastic orderings are as old as probability itself. Think for instance of the problem of comparing two gambles in order to decide which one is more favorable.

Stochastic Models in Reliability Engineering

Stochastic Models in Reliability Engineering PDF Author: Lirong Cui
Publisher: CRC Press
ISBN: 1000094618
Category : Mathematics
Languages : en
Pages : 402

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Book Description
This book is a collective work by many leading scientists, analysts, mathematicians, and engineers who have been working at the front end of reliability science and engineering. The book covers conventional and contemporary topics in reliability science, all of which have seen extended research activities in recent years. The methods presented in this book are real-world examples that demonstrate improvements in essential reliability and availability for industrial equipment such as medical magnetic resonance imaging, power systems, traction drives for a search and rescue helicopter, and air conditioning systems. The book presents real case studies of redundant multi-state air conditioning systems for chemical laboratories and covers assessments of reliability and fault tolerance and availability calculations. Conventional and contemporary topics in reliability engineering are discussed, including degradation, networks, and dynamic reliability, resilience, and multi-state systems, all of which are relatively new topics to the field. The book is aimed at engineers and scientists, as well as postgraduate students involved in reliability design, analysis, and experiments and applied probability and statistics.

Stochastic Processes

Stochastic Processes PDF Author: Toshio Nakagawa
Publisher: Springer Science & Business Media
ISBN: 0857292749
Category : Technology & Engineering
Languages : en
Pages : 254

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Book Description
Reliability theory is of fundamental importance for engineers and managers involved in the manufacture of high-quality products and the design of reliable systems. In order to make sense of the theory, however, and to apply it to real systems, an understanding of the basic stochastic processes is indispensable. As well as providing readers with useful reliability studies and applications, Stochastic Processes also gives a basic treatment of such stochastic processes as: the Poisson process, the renewal process, the Markov chain, the Markov process, and the Markov renewal process. Many examples are cited from reliability models to show the reader how to apply stochastic processes. Furthermore, Stochastic Processes gives a simple introduction to other stochastic processes such as the cumulative process, the Wiener process, the Brownian motion and reliability applications. Stochastic Processes is suitable for use as a reliability textbook by advanced undergraduate and graduate students. It is also of interest to researchers, engineers and managers who study or practise reliability and maintenance.

Reliability Assessment Using Stochastic Finite Element Analysis

Reliability Assessment Using Stochastic Finite Element Analysis PDF Author: Achintya Haldar
Publisher: John Wiley & Sons
ISBN: 9780471369615
Category : Technology & Engineering
Languages : en
Pages : 356

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Book Description
The first complete guide to using the Stochastic Finite Element Method for reliability assessment Unlike other analytical reliability estimation techniques, the Stochastic Finite Element Method (SFEM) can be used for both implicit and explicit performance functions, making it a particularly powerful and robust tool for today's engineer. This book, written by two pioneers in SFEM-based methodologies, shows how to use SFEM for the reliability analysis of a wide range of structures. It begins by reviewing essential risk concepts, currently available risk evaluation procedures, and the use of analytical and sampling methods in estimating risk. Next, it introduces SFEM evaluation procedures, with detailed coverage of displacement-based and stress-based deterministic finite element approaches. Linear, nonlinear, static, and dynamic problems are considered separately to demonstrate the robustness of the methods. The risk or reliability estimation procedure for each case is presented in different chapters, with theory complemented by a useful series of examples. Integrating advanced concepts in risk-based design, finite elements, and mechanics, Reliability Assessment Using Stochastic Finite Element Analysis is vital reading for engineering professionals and students in all areas of the field.

Safety, Reliability, Risk and Life-Cycle Performance of Structures and Infrastructures

Safety, Reliability, Risk and Life-Cycle Performance of Structures and Infrastructures PDF Author: George Deodatis
Publisher: CRC Press
ISBN: 1315884887
Category : Technology & Engineering
Languages : en
Pages : 5732

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Book Description
Safety, Reliability, Risk and Life-Cycle Performance of Structures and Infrastructures contains the plenary lectures and papers presented at the 11th International Conference on STRUCTURAL SAFETY AND RELIABILITY (ICOSSAR2013, New York, NY, USA, 16-20 June 2013). This set of a book of abstracts and searchable, full paper USBdevice is must-have literature for researchers and practitioners involved with safety, reliability, risk and life-cycle performance of structures and infrastructures.

Stochastic Orders

Stochastic Orders PDF Author: Moshe Shaked
Publisher: Springer Science & Business Media
ISBN: 0387346759
Category : Mathematics
Languages : en
Pages : 482

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Book Description
This reference text presents comprehensive coverage of the various notions of stochastic orderings, their closure properties, and their applications. Some of these orderings are routinely used in many applications in economics, finance, insurance, management science, operations research, statistics, and various other fields. And the value of the other notions of stochastic orderings needs further exploration. This book is an ideal reference for those interested in decision making under uncertainty and interested in the analysis of complex stochastic systems. It is suitable as a text for advanced graduate course on stochastic ordering and applications.