G522B

Simulation Modeling for Reliability and Risk Analysis

Learn Probabilistic Event and Risk Analysis Using Simulation

G522B focuses on the principles of probabilistic event and risk analysis using simulation techniques, with an emphasis on using ReliaSoft’s RENO software to graphically build simulations utilizing flowcharts. This course also explores advanced risk and reliability analysis methods through integration with analyses from other Synthesis applications including RBDs and/or fault trees created in BlockSim.

The course presents concepts and software tools that you could use to help your organization:

  • Define a problem, conceptualize how to obtain a solution via simulation, implement the flowchart in RENO, validate the model and use plots and other metrics to analyze and visualize the simulation results.
  • Perform sensitivity analysis to evaluate how key inputs will affect the results.
  • Automatically estimate optimum values by performing multiple simulation runs.
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Course Outline

Deterministic vs. Probabilistic Analysis

Introduction to Simulation

  • History of Simulation
  • Understanding Simulation
  • Types of Analyses

Duration: 2 days

CEUs: 1.4 CRP Credits: 2

Course Prerequisites

Assumes Basic Knowledge Of

  • Undergraduate Algebra
  • Elementary Calculus
  • Probability and Statistics
  • Introductory Programming Concepts

Recommended Prior Course(s)

Alternative/Similar Course(s)

  • N/A

Next Recommended Course

  • Any course based on interest

Software Used

Computer Required for Course
Plan to install and explore the course software prior to attending.

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Introduction to RENO

  • Definition Objects
  • Construct Objects
  • Building Models

Basics of Risk/Decision Analysis

  • General Models
  • Event Trees
  • Decision Trees
  • Influence Diagrams

Applications of Quantitative Decision & Risk Analyses

  • Probabilistic Design Concepts
  • Optimizing Decisions Under Uncertainty
  • Operational Readiness & Reliability
  • Advanced Reliability Analysis Applications
  • Maintenance Applications
  • Financial Applications
    • Life Cycle Cost Analysis
    • Investment Analysis

Using BlockSim (and other Synthesis analyses) in RENO Diagrams Multiple Case Studies and Applications Hands-on Practice Using the RENO Software