Journal Article

On some models of acceptable risk

Finkelstein, M. S.
International Journal of Performability Engineering, 5:1, 5–12 (2009)

Abstract

We consider discrete and continuous risk distribution functions. Acceptable risk dis-tribution function is defined and different types of stochastic comparisons are dis-cussed. Acceptable, unacceptable and intermediate regions for the level of loss are determined. The similar characterization is used for describing the loss for the out-comes in the sequence of harmful events. The loss is considered as acceptable, if ei-ther all events result in a loss from the acceptable region or not more than of them result in a loss from the intermediate level. The Laplace transform methods are used for obtaining the probability of survival when harmful events from the Poisson proc-ess are ‘too close’ to each other.
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