An efficient strategy for computing interval expectations of risk

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  • University of Liverpool
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Original languageEnglish
Title of host publicationSafety, Reliability, Risk and Life-Cycle Performance of Structures and Infrastructures
Subtitle of host publicationProceedings of the 11th International Conference on Structural Safety and Reliability, ICOSSAR 2013
Pages2225-2232
Number of pages8
EditionBoca Raton
ISBN (electronic)978-1-315-88488-2
Publication statusPublished - 2013
Externally publishedYes
Event11th International Conference on Structural Safety and Reliability, ICOSSAR 2013 - New York, NY, United States
Duration: 16 Jun 201320 Jun 2013

Abstract

In order to minimize risks it is of paramount importance to take into account the effects of uncertainties from the design stage. In fact, the knowledge about the behaviour of complex systems and future conditions is always incomplete. Risk-based optimization is a powerful and well-recognized tool for identification of the optimal (robust) design with a systematic consideration of uncertainty. More specifically, this approach looks for the best design solution, whilst minimizing the risk, thus considering the effects of uncertainties giving a measure of safety levels. However, traditional optimization procedures come out with a punctual (single) optimum that rarely can be translated in engineering solutions, leaving little or no room for manufacturing and operating tolerances. The optimization shall be given an even more rational connotation for treating the uncertainties that comprises set-wise quantities. Solution is found by means of interval analysis even if it introduces further computational costs that are herein addressed developing tailored numerical strategies. In this paper an efficient method that allows to break down the computational costs of risk and uncertainty analyses considering intervals is presented. The method, implemented in an open source computational framework, is based on a very efficient Monte Carlo technique. Numerical results are delivered showing the applicability and efficiency of the proposed approach.

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Cite this

An efficient strategy for computing interval expectations of risk. / De Angelis, M.; Patelli, E.; Beer, M.
Safety, Reliability, Risk and Life-Cycle Performance of Structures and Infrastructures: Proceedings of the 11th International Conference on Structural Safety and Reliability, ICOSSAR 2013. Boca Raton. ed. 2013. p. 2225-2232.

Research output: Chapter in book/report/conference proceedingConference contributionResearchpeer review

De Angelis, M, Patelli, E & Beer, M 2013, An efficient strategy for computing interval expectations of risk. in Safety, Reliability, Risk and Life-Cycle Performance of Structures and Infrastructures: Proceedings of the 11th International Conference on Structural Safety and Reliability, ICOSSAR 2013. Boca Raton edn, pp. 2225-2232, 11th International Conference on Structural Safety and Reliability, ICOSSAR 2013, New York, NY, United States, 16 Jun 2013. <https://www.researchgate.net/publication/264448574_An_efficient_strategy_for_computing_interval_expectation_of_risk>
De Angelis, M., Patelli, E., & Beer, M. (2013). An efficient strategy for computing interval expectations of risk. In Safety, Reliability, Risk and Life-Cycle Performance of Structures and Infrastructures: Proceedings of the 11th International Conference on Structural Safety and Reliability, ICOSSAR 2013 (Boca Raton ed., pp. 2225-2232) https://www.researchgate.net/publication/264448574_An_efficient_strategy_for_computing_interval_expectation_of_risk
De Angelis M, Patelli E, Beer M. An efficient strategy for computing interval expectations of risk. In Safety, Reliability, Risk and Life-Cycle Performance of Structures and Infrastructures: Proceedings of the 11th International Conference on Structural Safety and Reliability, ICOSSAR 2013. Boca Raton ed. 2013. p. 2225-2232
De Angelis, M. ; Patelli, E. ; Beer, M. / An efficient strategy for computing interval expectations of risk. Safety, Reliability, Risk and Life-Cycle Performance of Structures and Infrastructures: Proceedings of the 11th International Conference on Structural Safety and Reliability, ICOSSAR 2013. Boca Raton. ed. 2013. pp. 2225-2232
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