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Risk Analysis in Engineering and Economics is required reading for decision making under conditions of uncertainty. The author describes the fundamental concepts, techniques, and applications of the subject in a style tailored to meet the needs of students and practitioners of engineering, science, economics, and finance. Drawing on his extensive e
More than any other book available, Risk Analysis in Engineering and Economics introduces the fundamental concepts, techniques, and applications of the subject in a style tailored to meet the needs of students and practitioners of engineering, science, economics, and finance. Drawing on his extensive experience in uncertainty and risk modeling and analysis, the author leads readers from the fundamental concepts through the theory, applications, and data requirements, sources, and collection. He emphasizes the practical use of the methods presented and carefully examines the limitations, advantages, and disadvantages of each. Case studies that incorporate the techniques discussed offer a prac...
In a technological society, virtually every engineer and scientist needs to be able to collect, analyze, interpret, and properly use vast arrays of data. This means acquiring a solid foundation in the methods of data analysis and synthesis. Understanding the theoretical aspects is important, but learning to properly apply the theory to real-world p
Uncertainty has been of concern to engineers, managers and . scientists for many centuries. In management sciences there have existed definitions of uncertainty in a rather narrow sense since the beginning of this century. In engineering and uncertainty has for a long time been considered as in sciences, however, synonymous with random, stochastic, statistic, or probabilistic. Only since the early sixties views on uncertainty have ~ecome more heterogeneous and more tools to model uncertainty than statistics have been proposed by several scientists. The problem of modeling uncertainty adequately has become more important the more complex systems have become, the faster the scientific and engi...
Experts, despite their importance and value, can be double-edged swords. They can make valuable contributions from their deep base of knowledge, but those contributions may also contain their own biases and pet theories. Therefore, selecting experts, eliciting their opinions, and aggregating their opinions must be performed and handled carefully, with full recognition of the uncertainties inherent in those opinions. Elicitation of Expert Opinions for Uncertainty and Risks illuminates those uncertainties and builds a foundation of philosophy, background, methods, and guidelines that helps its readers effectively execute the elicitation process. Based on the first-hand experiences of the autho...
Emphasizing the practical aspects of their use, this text introduces numerical methods. It establishes their limitations, advantages and disadvantages, and is intended to assist future as well as practicing engineers in understanding the fundamentals of numerical methods.
With the expansion of new technologies, materials, and the design of complex systems, the expectations of society upon engineers are becoming larger than ever. Engineers make critical decisions with potentially high adverse consequences. The current political, societal, and financial climate requires engineers to formally consider the factors of uncertainty (e.g., floods, earthquakes, winds, environmental risks) in their decisions at all levels. Uncertainty Modeling and Analysis in Civil Engineering provides a thorough report on the immediate state of uncertainty modeling and analytical methods for civil engineering systems, presenting a toolbox for solving problems in real-world situations. Topics include Neural networks Genetic algorithms Numerical modeling Fuzzy sets and operations Reliability and risk analysis Systems control Uncertainty in probability estimates This compendium is a considerable reference for civil engineers as well as for engineers in other disciplines, computer scientists, general scientists, and students.
The need for a comprehensive book on probabilistic structural mechanics that brings together the many analytical and computational methods developed over the years and their applications in a wide spectrum of industries-from residential buildings to nuclear power plants, from bridges to pressure vessels, from steel structures to ceramic structures-became evident from the many discussions the editor had with practising engineers, researchers and professors. Because no single individual has the expertise to write a book with such a di.verse scope, a group of 39 authors from universities, research laboratories, and industries from six countries in three continents was invited to write 30 chapters covering the various aspects of probabilistic structural mechanics. The editor and the authors believe that this handbook will serve as a reference text to practicing engineers, teachers, students and researchers. It may also be used as a textbook for graduate-level courses in probabilistic structural mechanics. The editor wishes to thank the chapter authors for their contributions. This handbook would not have been a reality without their collaboration.
Abstract: Prepared by the Committee on Adaptation to a Changing Climate of ASCE Civil infrastructure systems traditionally have been designed for appropriate functionality, durability, and safety for climate and weather extremes during their full-service lives; however, climate scientists inform us that the extremes of climate and weather have altered from historical values in ways difficult to predict or project. Climate-Resilient Infrastructure: Adaptive Design and Risk Management, MOP 140, provides guidance for and contributes to the developing or enhancing of methods for infrastructure analysis and design in a world in which risk profiles are changing and can be projected with varying de...