Risk and Uncertainty Reduction by Using Algebraic Inequalities

<p>This book covers the application of algebraic inequalities for reliability improvement and for uncertainty and risk reduction. It equips readers with powerful domain-independent methods for reducing risk based on algebraic inequalities and demonstrates the significant benefits derived from the application for risk and uncertainty reduction.</p><p>Algebraic inequalities:</p><p>• Provide a powerful reliability improvement risk and uncertainty reduction method that transcends engineering and can be applied in various domains of human activity</p><p>• Present an effective tool for dealing with deep uncertainty related to key reliability-critical parameters of systems and processes</p><p>• Permit meaningful interpretations which link abstract inequalities with the real world </p><p>• Offer a tool for determining tight bounds for the variation of risk-critical parameters and complying the design with these bounds to avoid failure</p><p>• Allow optimising designs and processes by minimising the deviation of critical output parameters from their specified values and maximising their performance</p><p>This book is primarily for engineering professionals and academic researchers in virtually all existing engineering disciplines.</p>