Reliability analysis of the Federal Reserve automated payments systems

Apostolos Burnetas, Gregory Reynolds and James Thomson

No 97-03, Financial Services working paper from Federal Reserve Bank of Cleveland

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.

Keywords: Federal; Reserve; banks; -; Automation (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcfs:97-03

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