Engineering Risk Assessment with Subset Simulation

Name: Engineering Risk Assessment with Subset Simulation
Brand: Wiley
SKU: 9781118398043
Price: 11704.0 INR
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by Siu-Kui Au

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ISBN13: 9781118398043
Binding: Hardcover
Subject: N/A
Publisher: Wiley
Publisher Imprint: Wiley
Publication Date: June 23, 2014
Pages: 315
Original Price: GBP 104.95
Language: English
Edition: N/A
Item Weight: 640 grams
BISAC Subject(s): Mechanical

About The Book

This book starts with the basic ideas in uncertainty propagation using Monte Carlo methods and the generation of random variables and stochastic processes for some common distributions encountered in engineering applications. It then introduces a class of powerful simulation techniques called Markov Chain Monte Carlo method (MCMC), an important machinery behind Subset Simulation that allows one to generate samples for investigating rare scenarios in a probabilistically consistent manner. The theory of Subset Simulation is then presented, addressing related practical issues encountered in the actual implementation. The book also introduces the reader to probabilistic failure analysis and reliability-based sensitivity analysis, which are laid out in a context that can be efficiently tackled with Subset Simulation or Monte Carlo simulation in general. The book is supplemented with an Excel VBA code that provides a user-friendly tool for the reader to gain hands-on experience with Monte Carlo simulation.

*Presents a powerful simulation method called Subset Simulation for efficient engineering risk assessment and failure and sensitivity analysis *Illustrates examples with MS Excel spreadsheets, allowing readers to gain hands-on experience with Monte Carlo simulation *Covers theoretical fundamentals as well as advanced implementation issues *A companion website is available to include the developments of the software ideas This book is essential reading for graduate students, researchers and engineers interested in applying Monte Carlo methods for risk assessment and reliability based design in various fields such as civil engineering, mechanical engineering, aerospace engineering, electrical engineering and nuclear engineering. Project managers, risk managers and financial engineers dealing with uncertainty effects may also find it useful.

About The Author

Siu-Kui Au, University of Liverpool, UK

Yu Wang, City University of Hong Kong, China

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