Bayesian Inference for Probabilistic Risk Assessment: A Practitioner's Guidebook (Springer Series in Reliability Engineering)

Kelly, Dana; Smith, Curtis

ISBN 10: 1849961867 / ISBN 13: 9781849961868

Published by Springer, 2011

About this Item

Seller Inventory # I-9781849961868

Bibliographic Details

• Title: Bayesian Inference for Probabilistic Risk Assessment: A Practitioner's Guidebook (Springer Series in Reliability Engineering)
• Publisher: Springer
• Publication Date: 2011
• Language: English
• ISBN 10: 1849961867
• ISBN 13: 9781849961868
• Binding: Hardcover
• Condition: New

About this title

Synopsis

Bayesian Inference for Probabilistic Risk Assessment provides a Bayesian foundation for framing probabilistic problems and performing inference on these problems. Inference in the book employs a modern computational approach known as Markov chain Monte Carlo (MCMC). The MCMC approach may be implemented using custom-written routines or existing general purpose commercial or open-source software. This book uses an open-source program called OpenBUGS (commonly referred to as WinBUGS) to solve the inference problems that are described. A powerful feature of OpenBUGS is its automatic selection of an appropriate MCMC sampling scheme for a given problem. The authors provide analysis “building blocks” that can be modified, combined, or used as-is to solve a variety of challenging problems.

The MCMC approach used is implemented via textual scripts similar to a macro-type programming language. Accompanying most scripts is a graphical Bayesian network illustrating the elements of the script and the overall inference problem being solved. Bayesian Inference for Probabilistic Risk Assessment also covers the important topics of MCMC convergence and Bayesian model checking.

Bayesian Inference for Probabilistic Risk Assessment is aimed at scientists and engineers who perform or review risk analyses. It provides an analytical structure for combining data and information from various sources to generate estimates of the parameters of uncertainty distributions used in risk and reliability models.

About the Author

Dana Kelly and Curtis Smith are both specialists in Bayesian inference for risk and reliability analysis, working at the Idaho National Laboratory, USA. They provide support to the Nuclear Regulatory Commission, NASA, the Joint Research Centre in Pettern, and others. They are the authors of numerous refereed publications in the field.