Adversarial issues in reliability

David Ríos Insua, Fabrizio Ruggeri, Refik Soyer and Daniel G. Rasines

European Journal of Operational Research, 2018, vol. 266, issue 3, 1113-1119

Abstract: Many reliability problems involve two or more agents with conflicting interests whose decisions affect the performance of the system at hand. Examples of such problems relevant in management practice abound and include acceptance sampling, life testing, software testing, optimal maintenance, reliability demonstration, warranties and insurance. Most earlier attempts in such problems have focused on game theoretic approaches based on Nash equilibria and related concepts. However, these require strong common knowledge assumptions which do not frequently hold in practice. We provide an alternative framework based on adversarial risk analysis to deal with such problems which avoids the strong common knowledge assumptions of game theory. We illustrate the framework through acceptance sampling and life testing problems.

Keywords: Reliability analysis; Acceptance sampling; Life testing; Decision analysis; Adversarial risk analysis (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:266:y:2018:i:3:p:1113-1119

DOI: 10.1016/j.ejor.2017.10.035

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