A Decision-Analytic Approach to Reliability-Based Design Optimization

@article{Bordley2009ADA,
  title={A Decision-Analytic Approach to Reliability-Based Design Optimization},
  author={Robert F. Bordley and Stephen M. Pollock},
  journal={Oper. Res.},
  year={2009},
  volume={57},
  pages={1262-1270}
}
  • Robert F. Bordley, Stephen M. Pollock
  • Published 2009
  • Computer Science, Mathematics
  • Oper. Res.
  • Reliability-based design optimization is concerned with designing a product to optimize an objective function, given uncertainties about whether various design constraints will be satisfied. However, the widespread practice of formulating such problems as chance-constrained programs can lead to misleading solutions. While a decision-analytic approach would avoid this undesirable result, many engineers find it difficult to determine the utility functions required for a traditional decision… CONTINUE READING

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