Bayesian Inference for Probabilistic Risk Assessment - A Practitioner's Guidebook (Paperback, 2011 ed.)

Bayesian Inference for Probabilistic Risk Assessment provides a Bayesian foundation for framing probabilistic problems and performing inference on these problems. Inference in the book employs a modern computational approach known as Markov chain Monte Carlo (MCMC). The MCMC approach may be implemented using custom-written routines or existing general purpose commercial or open-source software. This book uses an open-source program called OpenBUGS (commonly referred to as WinBUGS) to solve the inference problems that are described. A powerful feature of OpenBUGS is its automatic selection of an appropriate MCMC sampling scheme for a given problem. The authors provide analysis "building blocks" that can be modified, combined, or used as-is to solve a variety of challenging problems. The MCMC approach used is implemented via textual scripts similar to a macro-type programming language. Accompanying most scripts is a graphical Bayesian network illustrating the elements of the script and the overall inference problem being solved. Bayesian Inference for Probabilistic Risk Assessment also covers the important topics of MCMC convergence and Bayesian model checking. Bayesian Inference for Probabilistic Risk Assessment is aimed at scientists and engineers who perform or review risk analyses. It provides an analytical structure for combining data and information from various sources to generate estimates of the parameters of uncertainty distributions used in risk and reliability models.

General

Imprint:	Springer London
Country of origin:	United Kingdom
Series:	Springer Series in Reliability Engineering
Release date:	November 2013
First published:	2011
Authors:	Dana Kelly • Curtis Smith
Dimensions:	235 x 155 x 13mm (L x W x T)
Format:	Paperback
Pages:	228
Edition:	2011 ed.
ISBN-13:	978-1-4471-2708-6
Categories:	Books > Science & Mathematics > Mathematics > Probability & statistics
LSN:	1-4471-2708-0
Barcode:	9781447127086

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