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Practical Applications of Monte Carlo Simulation for System Reliability Analysis

In: The Monte Carlo Simulation Method for System Reliability and Risk Analysis

Author

Listed:
  • Enrico Zio

    (Ecole Centrale Paris)

Abstract

In this chapter, we shall illustrate some applications of MCS applied to system reliability analysis. First, the power of MCS for realistic system modeling is shown with regard to a problem of estimating the production availability of an offshore plant, accounting for its operative rules and maintenance procedures [1]. Then, the application of MCS for sensitivity and importance analysis [1, 2] is illustrated.

Suggested Citation

  • Enrico Zio, 2013. "Practical Applications of Monte Carlo Simulation for System Reliability Analysis," Springer Series in Reliability Engineering, in: The Monte Carlo Simulation Method for System Reliability and Risk Analysis, edition 127, chapter 0, pages 83-107, Springer.
    • Handle: RePEc:spr:ssrchp:978-1-4471-4588-2_5
    DOI: 10.1007/978-1-4471-4588-2_5
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