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Harmonized decision‐making in managing reliability and safety

    Avner Ben‐Yair Affiliation
    ; Dimitri Golenko‐Ginzburg Affiliation
    ; Zohar Laslo Affiliation

Abstract

A hierarchical technical system functioning under random disturbances and being subject to critical failures at the bottom level which may result in an accident or a hazardous condition including environmental safety violations at the upper level is considered. Certain primary elements at the bottom level, together with their corresponding primary failures, can be refined by undertaking technical improvement. The list of the latter is pre‐given as well. Assume that by means of simulation modeling (SM) it is possible to evaluate the increment of the system's reliability by implementing any set of technical improvements. The harmonization models center on determining an optimal sub‐set of technical improvements in order:



  • either to maximize the system's reliability subject to a restricted budget assigned for the improvements’ implementation, or

  • to minimize the system's budget subject to a reliability value restricted from below.


First Published Online: 14 Oct 2010

Keyword : Harmonization models, Basic parameters, Multi‐parametric trade‐off models, Hierarchical safety engineering models, Heuristic models based on sensitivity concepts

How to Cite
Ben‐Yair, A., Golenko‐Ginzburg, D., & Laslo, Z. (2005). Harmonized decision‐making in managing reliability and safety. Journal of Business Economics and Management, 6(1), 43-51. https://doi.org/10.3846/16111699.2005.9636091
Published in Issue
Mar 31, 2005
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