Bounds on survival probability given mean probability of failure per demand; and the paradoxical advantages of uncertainty

Bounds on survival probability given mean probability of failure per demand; and the paradoxical advantages of uncertainty

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Article ID: iaor20141749
Volume: 128
Issue: 1
Start Page Number: 66
End Page Number: 83
Publication Date: Aug 2014
Journal: Reliability Engineering and System Safety
Authors: ,
Keywords: safety, survival analysis, uncertainty
Abstract:

  • We explore effects of uncertainty on parameters of convex reliability functions.
  • Given uncertainty about a parameter, using its mean ensures pessimistic reliability predictions.
  • We show that, given this mean, more uncertainty can surprisingly yield higher reliability.
  • We discuss consequent practical implications for decision making in reliability and safety.
  • These may be counter‐intuitive and require scrutiny of the underlying principles.
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