Probabilistic Approach to Reliability Engineering

Abstract

Traditionally, the approach to reliability assessment is probabilistic approach, and it is this approach that is key to assessing risk. This approach works well in risk modeling; however, the limitation of this approach is that even though it predicts the probability of failure, it is not capable of predicting the instant of failure. When it comes to predicting the failure in advance, the techniques like physics-of-failure or data-driven-based prognostic techniques are used such that incipient failure can be detected in time. Accordingly, the prognostics and health management approach is employed for remaining life estimation in the field conditions. This aspect has been discussed in Chaps. 12 and 13 on Physics-of-Failure and Prognostics and health management.

But to us, probability is the very guide of life.

Joseph Butler, Picturequotes.com