Appropriate for any field requiring risk analysis, this advanced textbook introduces several methods for defining the system that structures a problem or decision situation, assessing failure
probability and consequences, and calculating risk within an economic framework. A detailed case study develops a risk methodology for managing the maintenance activities of a marine vessel,
complete with flow charts and cost tables. Each chapter concludes with practice exercises, and appendices review the fundamentals of probability and statistics. Annotation ©2014 Ringgold, Inc.,
Portland, OR (protoview.com)
