Author
Abstract
The paper provides for the first time a comprehensive introduction into the mechanisms through which the method of separation achieves risk reduction and into the ways it can be implemented in engineering designs. The concept stochastic separation of critical random events on a time interval, which consists of guaranteeing with a specified probability a specified degree of distancing between the random events, is introduced. Efficient methods for providing stochastic separation by reducing the duration times of overlapping critical random events on a time interval are presented. The paper shows that the probability of overlapping of critical events, randomly appearing on a time interval, is practically insensitive to the distribution of their duration times and to the variance of the duration times as long as the mean of the duration times remains the same. A rigorous proof is presented that this statement is valid even for two random events on a time interval. The paper also provides insight into various mechanisms through which deterministic separation improves reliability and reduces risk. It is demonstrated that the separation on properties is an efficient technique for compensating the drawbacks associated with homogeneous properties. It is demonstrated that improving reliability by including redundancy, improving reliability by segmentation and some of the deliberate weak link techniques and stress limiters techniques for reducing risk are effectively special cases of a deterministic separation. Finally, the paper demonstrates that in a number of cases, the way to extract benefit from the method of separation is to build and analyse a mathematical model based on the method of separation. A comprehensive classification of the discussed methods for stochastic and deterministic separation is also presented.
Suggested Citation
Michael Todinov, 2019.
"Mechanisms for improving reliability and reducing risk by stochastic and deterministic separation,"
Journal of Risk Research, Taylor & Francis Journals, vol. 22(4), pages 448-474, April.
Handle:
RePEc:taf:jriskr:v:22:y:2019:i:4:p:448-474
DOI: 10.1080/13669877.2017.1382561
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jriskr:v:22:y:2019:i:4:p:448-474. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJRR20 .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.