Object-oriented Bayesian network for complex system risk assessment

Quan Liu, Ayeley Tchangani, François Pérès and Vicente Gonzalez-Prida

Journal of Risk and Reliability, 2018, vol. 232, issue 4, 340-351

Abstract: In this article, we present a novel approach of modelling risk management process for complex systems. To overcome difficulties of modelling dynamic large-scale systems, the main idea is to split it into various structural homogeneous units. The object-oriented paradigm is used to this end but, unlike previous works, the proposed methodology allows variation in terms of internal parameters throughout the objects. This novel approach based on Bayesian network techniques is referred to as extended object-oriented Bayesian network. The main contribution of this article consists in establishing algorithms and methods on how to build and run such models. This article is an extension of a communication presented at AMEST by mainly developing a more realistic case study along with other improvements.

Keywords: Complex system; modelling; object-oriented Bayesian network; dynamic Bayesian network; risk management (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:sae:risrel:v:232:y:2018:i:4:p:340-351

DOI: 10.1177/1748006X17753026

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