The accurate prediction of extreme events based on measured data is an important task
because it can facilitate infrastructure reliability design, risk assessment, and disaster …

Due to the catastrophic impact of Fire and Explosion Accidents in Oil Depots (FEAOD), the
prevention and control of such accidents is the most critical part of risk management. In this …

Remaining useful life prediction based on degradation modeling is of great importance to
condition-based maintenance, for which epistemic uncertainty due to the lack of sufficient …

Taking actions to prevent the occurrence of failure in advance, rather than improving
reliability through post-mortem testing is crucial for improvement of products' quality and …

Dynamic systems modeled by computationally intensive numerical models with time-
dependent output are common in engineering. Efficient uncertainty propagation of such …

Since the ability to control the investor's income or loss within a certain range, barrier option
has been among the most popular path-dependent options where its payoff depends on …

This paper mainly studies the pricing problem of arithmetic average Asian barrier options in
the continuous case and analyzes the corresponding reliability index. Owing to the fact that …

This study proposes a framework for the post‐earthquake functionality assessment of
subway stations, in which the effects of seismic damage of components and …

Fault tree analysis remains a significant alternative for modeling and analyzing reliability
and failure modes. Traditionally, the probabilities of the basic events are assumed as point …

The irrelevance coverage model (ICM) is an extension of the imperfect fault coverage model
(IFCM), which can reduce the risk of uncovered component failures by isolating irrelevant …