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Reliability analysis of the Federal Reserve automated payments systems

Author

Listed:
  • Apostolos Burnetas
  • Gregory Reynolds
  • James B. Thomson

Abstract

This paper proposes an analytic framework for the reliability assessment of the automated payments systems used by the Federal Reserve Banks. The failure/recovery behavior of the system currently in operation is modeled as a continuous-time Markov process with varying levels of detail, and the availability is calculated for a wide range of component failure frequencies. Furthermore, alternative system configurations are proposed and analyzed.

Suggested Citation

  • Apostolos Burnetas & Gregory Reynolds & James B. Thomson, 1997. "Reliability analysis of the Federal Reserve automated payments systems," Financial Services working paper 97-03, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcfs:97-03
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    Keywords

    Federal Reserve banks - Automation;

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