Abstract
It is not be exaggeration to say that the adequacy and applicability of risk-based methods to a large extent depends on the accurate characterization of not only risk metrics but also associated uncertainties.
In this world of uncertainty, death is certain and the fear is apparent.
Srimad Bhagavada Gita
This chapter is a revised and updated version of paper entitled “Uncertainty Analysis in Support of Risk-based engineering” by P. V. Varde, published in Proceedings of the International Symposium on Engineering under Uncertainty: Safety Assessment and Management, Edited by Chakraborty S. & Bhattacharya G., (Editors), (ISEUSAM-2012), Springer, 2012.
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Varde, P.V., Pecht, M.G. (2018). Uncertainty Modeling. In: Risk-Based Engineering. Springer Series in Reliability Engineering. Springer, Singapore. https://doi.org/10.1007/978-981-13-0090-5_9
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DOI: https://doi.org/10.1007/978-981-13-0090-5_9
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