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Keywords: Bayesian Probabilistic NetsClose
Proc. ASME. OMAE2009, Volume 2: Structures, Safety and Reliability, 839-849, May 31–June 5, 2009
Paper No: OMAE2009-80242
... in a generic risk assessment model greatly enhanced by the utilization of hierarchical risk modeling procedures such as Bayesian Probabilistic Nets (BPN’s). A short outline of the Life Quality Index (LQI) principle is then introduced as a practically applicable means to determine how much should be invested...