Reducing Risk Through Inversion and Self-Strengthening

Michael Todinov
Additional contact information
Michael Todinov: Department of Mechanical Engineering and Mathematical Sciences, Oxford Brookes University, UK

International Journal of Risk and Contingency Management (IJRCM), 2017, vol. 6, issue 1, 14-42

Abstract: A number of new techniques for reliability improvement and risk reduction based on the inversion method, such as: ‘inverting design variables,' ‘inverting by maintaining an invariant,' ‘inverting resulting in a reinforcing counter-force,' ‘negating basic required functions' and ‘moving backwards to general and specific contributing factors' have been introduced for the first time. By using detailed calculations, it has been demonstrated how the new technique ‘repeated inversion maintaining an invariant' can be applied to reduce the risk of collision for multiple ships travelling at different times and with variable speeds. It has been demonstrated that for pressure vessels, an inversion of the geometric parameters by maintaining an invariant volume could result not only in an increased safety but also in a significantly reduced weight. The method of self-strengthening (self-reinforcement) has been introduced for the first time as a systematic method for improving reliability and reducing risk. The method of self-strengthening by capturing a proportional compensating factor and the method of self-strengthening by creating a positive feedback loop have been proposed for the first time as reliability improvement tools. Finally, classifications have been proposed of methods and techniques for risk reduction based on the methods of inversion and self-strengthening.

Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://services.igi-global.com/resolvedoi/resolve. ... 018/IJRCM.2017010102 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:igg:jrcm00:v:6:y:2017:i:1:p:14-42

Access Statistics for this article

International Journal of Risk and Contingency Management (IJRCM) is currently edited by Narasimha Rao Vajjhala

More articles in International Journal of Risk and Contingency Management (IJRCM) from IGI Global
Bibliographic data for series maintained by Journal Editor ().