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A unique engineering and statistical approach to optimal resource allocation Optimal Resource Allocation: With Practical Statistical Applications and Theory features the application of probabilistic and statistical methods used in reliability engineering during the different phases of life cycles of technical systems. Bridging the gap between reliability engineering and applied mathematics, the book outlines different approaches to optimal r...

Practical approaches to reliability theory in cutting-edge applications Probabilistic Reliability Models helps readers understand and properly use statistical methods and optimal resource allocation to solve engineering problems. The author supplies engineers with a deeper understanding of mathematical models while also equipping mathematically oriented readers with a fundamental knowledge of the engineering-related applications at the cente...