Engineering Reliability and Risk Assessment explains how to improve the performance of a system using the latest risk and reliability models. Against a backdrop of increasing availability of industrial data, and ever-increasing global commercial competition, the standards for optimal efficiency with minimum hazards keep improving. Topics explained include Effective strategies for the maintenance of the mechanical components of a system, How to schedule necessary interventions throughout the product life cycle, How to understand the structure and cost of complex systems, Planning a schedule to improve the reliability and life of the system, software, system safety and risk informed asset management, and more.

• Uses case studies from industry practice to explain innovative solutions to real world risk assessment problems
• Addresses the full interdisciplinary range of topics that influence this complex field
• Provides brief introductions to important concepts, including risk and reliability analysis and fuzzy reliability