Stochastic Modelling and Applied Probability

1 primary work

Stochastic Models in Reliability

by Terje Aven and Uwe Jensen

Published 4 March 1999

A comprehensive up-to-date presentation of some of the classical areas of reliability, based on a more advanced probabilistic framework using the modern theory of stochastic processes. This framework allows analysts to formulate general failure models, establish formulae for computing various performance measures, as well as determine how to identify optimal replacement policies in complex situations.