Component importance in a random environment

Vanderlei da Costa Bueno

Statistics & Probability Letters, 2000, vol. 48, issue 2, 173-179

Abstract: In a number of situations an engineering system can be set in a semi-martingale representation. Filtering this representation through the family of sub [sigma]-algebras generated by the multivariate point process of system components, we consider the innovation gain corresponding to the dynamics of component i. We define the reliability importance of component i to system reliability as the negative expected value of its innovation gain.

Keywords: Reliability; Component; importance; Semi-martingale; Point; process; Innovation; process; Innovation; gain (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (1)

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