Measuring systemic risk for mechanical structures using conditional probability

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OriginalspracheEnglisch
Titel des SammelwerksProceedings of the 29th European Safety and Reliability Conference, ESREL 2019
Herausgeber/-innenMichael Beer, Enrico Zio
Seiten4316-4320
Seitenumfang5
ISBN (elektronisch)9789811127243
PublikationsstatusVeröffentlicht - 2020
Veranstaltung29th European Safety and Reliability Conference, ESREL 2019 - Leibniz University Hannover, Hannover, Deutschland
Dauer: 22 Sept. 201926 Sept. 2019

Abstract

This paper presents a novel and alternative framework for measuring the probability of failures for sustaining mechanical structures. The concept of systemic risk measures from the financial mathematics literature is used for modeling the entire system, which finally generalizes the methodology of structural reliability-based optimization procedures. The proposed systemic risk measures provide collections of deterministic input parameters for the structure model leading to a stochastic output determined by a predefined acceptance set. Further, using conditional probabilities within this acceptance criterion paves the way for considering conditional events in structural reliability analysis.

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Measuring systemic risk for mechanical structures using conditional probability. / Eckert, Christoph; Beer, Michael.
Proceedings of the 29th European Safety and Reliability Conference, ESREL 2019. Hrsg. / Michael Beer; Enrico Zio. 2020. S. 4316-4320.

Publikation: Beitrag in Buch/Bericht/Sammelwerk/KonferenzbandAufsatz in KonferenzbandForschung

Eckert, C & Beer, M 2020, Measuring systemic risk for mechanical structures using conditional probability. in M Beer & E Zio (Hrsg.), Proceedings of the 29th European Safety and Reliability Conference, ESREL 2019. S. 4316-4320, 29th European Safety and Reliability Conference, ESREL 2019, Hannover, Deutschland, 22 Sept. 2019. https://doi.org/10.3850/978-981-11-0745-0 1137-cd
Eckert, C., & Beer, M. (2020). Measuring systemic risk for mechanical structures using conditional probability. In M. Beer, & E. Zio (Hrsg.), Proceedings of the 29th European Safety and Reliability Conference, ESREL 2019 (S. 4316-4320) https://doi.org/10.3850/978-981-11-0745-0 1137-cd
Eckert C, Beer M. Measuring systemic risk for mechanical structures using conditional probability. in Beer M, Zio E, Hrsg., Proceedings of the 29th European Safety and Reliability Conference, ESREL 2019. 2020. S. 4316-4320 doi: 10.3850/978-981-11-0745-0 1137-cd
Eckert, Christoph ; Beer, Michael. / Measuring systemic risk for mechanical structures using conditional probability. Proceedings of the 29th European Safety and Reliability Conference, ESREL 2019. Hrsg. / Michael Beer ; Enrico Zio. 2020. S. 4316-4320
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