A Highly Efficient Monte Carlo Method for Assessment of System Reliability Based on a Markov Model (Q4935523)
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scientific article; zbMATH DE number 1396085
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| English | A Highly Efficient Monte Carlo Method for Assessment of System Reliability Based on a Markov Model |
scientific article; zbMATH DE number 1396085 |
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A Highly Efficient Monte Carlo Method for Assessment of System Reliability Based on a Markov Model (English)
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10 July 2000
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computational Markov chains
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Monte Carlo metod
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system reliability
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two-component series system
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two-component parallel system
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performances
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electric power generating system
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0.8136292099952698
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0.795240044593811
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0.7863809466362
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The authors propose a Monte Carlo procedure for evaluating the reliability of a system consisting of two independent components. They compute the relative efficiency of the procedure with respect of crude Monte Carlo in the following three situations: a single component system, a two-component series system and a two-component parallel system. Performances of the proposed Markov Monte Carlo procedure for estimating the LOLP (lost-of-load probability) index of the IEEE reliability test system of an electric power generating system are listed.
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