| EPSRC Reference: |
GR/R60003/01 |
| Title: |
Quantitative Assessment of Risk and Reliability |
| Principal Investigator: |
Bedford, Professor T |
| Other Investigators: |
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| Project Partners: |
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| Department: |
Management Science |
| Organisation: |
University of Strathclyde |
| Scheme: |
MTP |
| Starts: |
01 February 2002 |
Ends: |
30 June 2003 |
Value (£): |
99,069
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| EPSRC Research Topic Classifications: |
| Mathematical Aspects of OR |
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| EPSRC Industrial Sector Classifications: |
| Aerospace, Defence and Marine |
Chemicals |
| Construction |
Financial Services |
| Energy |
Transport Systems and Vehicles |
| No relevance to Underpinning Sectors |
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Summary on Grant Application Form |
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The TP will train engineers in statistical and quantitative techniques of reliability and risk management. These techniques are applied in many different industrial sectors in order to quantify failure probabilities and failure consequences of systems. The two main application areas are to support ALARP regulatory decision making, and to support timely and reliable product development. Both areas require that engineers are able to quantify risks, consequences and costs arising from industrial activities. ALARP decision making takes places particularly in the energy, transportation, and process industries, where the emphasis is on risks for employees and third parties. This requires estimation of the availability of safety equipment, but also consequence analysis to trace the possible consequences of an accident. In product development the reliability engineer will be able to build and quantify system reliability to provide support to the designers of next generation equipment. In order to provide realistic models, the students are given an understanding of statistics, in particular an understanding of uncertainty modelling, and of statistical quantification: In order to provide input into management decision making they must understand the principles of cost-benefit analysis and other decision support tools which support risk-based decision making.
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Key Findings |
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This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk
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Potential use in non-academic contexts |
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This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk
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Impacts |
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| Description |
This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk |
| Summary |
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| Date Materialised |
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Sectors submitted by the Researcher |
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This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk
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| Project URL: |
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| Further Information: |
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| Organisation Website: |
http://www.strath.ac.uk |