Reliability and Risk
A Bayesian Perspective
Chapter One
Introduction and Overview
G.H. Hardy: Here lies Hardy, with no apologies.
1.1 PREAMBLE: WHAT DO 'RELIABILITY', 'RISK' AND 'ROBUSTNESS'
MEAN?
Words such as 'credibility', 'hazard', 'integrity', 'reliability', 'risk', 'robustness' and 'survivability'
have now become very much a part of our daily vocabulary. For instance, the derogatory term
unreliable is used to describe the undependable behavior of an individual or an item, whereas
the cautionary term risky is used to warn of possible exposure to an adverse consequence. The
term survival is generally used in biomedical contexts and is intended to convey the possibility
of overcoming a life-threatening situation or a disease. Robustness encapsulates the feature of
the persistence of some attribute in the presence of ... read full excerpt from Reliability and Risk: A Bayesian Perspective ebook