Today's business environment involves design decisions with significant uncertainty. To succeed, decision-makers should replace deterministic methods with a risk-based approach that accounts for the decision maker's risk tolerance. In many problems, it is impractical to collect data because rare or one-time events are involved. Therefore, we need a methodology to model uncertainty and make choices when we have limited information. This methodology must use all available information and rely only on assumptions that are supported by evidence. This book explains theories and tools to represent uncertainty using both data and expert judgment. It teaches the reader how to make design or business decisions when there is limited information with these tools. Readers will learn a structured, risk-based approach, which is based on common sense principles, for design and business decisions. These decisions are consistent with the decision-maker's risk attitude. The book is exceptionally suited as educational material because it uses everyday language and real-life examples to elucidate concepts. It demonstrates how these concepts touch our lives through many practical examples, questions and exercises. These are designed to help students learn that first they should understand a problem and then establish a strategy for solving it, instead of using trial-and-error approaches. This volume is intended for undergraduate and graduate courses in mechanical, civil, industrial, aerospace, and ocean engineering and for researchers and professionals in these disciplines. It will also benefit managers and students in business administration who want to make good decisions with limited information.

Researchers in the engineering industry and academia are making important advances on reliability-based design and modeling of uncertainty when data is limited. Non deterministic approaches have enabled industries to save billions by reducing design and warranty costs and by improving quality. Considering the lack of comprehensive and definitive presentations on the subject, Engineering Design Reliability Handbook is a valuable addition to the reliability literature. It presents the perspectives of experts from the industry, national labs, and academia on non-deterministic approaches including probabilistic, interval and fuzzy sets-based methods, generalized information theory, Dempster-Shaffer evidence theory, and robust reliability. It also presents recent advances in all important fields of reliability design including modeling of uncertainty, reliability assessment of both static and dynamic components and systems, design decision making in the face of uncertainty, and reliability validation. The editors and the authors also discuss documented success stories and quantify the benefits of these approaches. With contributions from a team of respected international authors and the guidance of esteemed editors, this handbook is a distinctive addition to the acclaimed line of handbooks from CRC Press.

In the current, increasingly aggressive business environment, crucial decisions about product design often involve significant uncertainty. Highlighting the competitive advantage available from using risk-based reliability design, Engineering Design Reliability Applications: For the Aerospace, Automotive, and Ship Industries provides an overview of how to apply probabilistic approaches and reliability methods to practical engineering problems using real life engineering applications. A one-step resource, the book demonstrates the latest technology, how others have used it to increase their competitiveness, and how you can use it to do the same. The book makes the case for accurate assessment of the reliability of engineering systems, simple, complex, or large-scale. It presents two computer programs for reliability analysis and demonstrates these programs on aircraft engines, structures used for testing explosives, medical and automotive systems. The focus then shifts to aircraft and space systems, including lap joints, gas turbines, and actively controlled space structures. The editors provide analytical tools for reliability analysis, design optimization, and sensitivity analysis of automotive systems. They include a general methodology for reliability assessment of ship structures and highlight reliability analysis of composite materials and structures. Delineating generic tools and computer programs applicable to any situation, the book shows you how to quantify, understand, and control uncertainties, reduce risk, and increase reliability using real-life examples. Engineers from the industry and national labs as well as university researchers present success stories and quantify thebenefits of reliability design for their organizations. They demonstrate how to convince colleagues and management of the potential benefits of these approaches in allowing their organizations to gain significant benefits and dramatically increase their competitiveness.