exida

exida explains Blog

Entries tagged with: Probabilistic Analysis

Why do we do probabilistic models to predict risk reduction?  Check the box only?

Why do we do probabilistic models to predict risk reduction?  Check the box only?

I had an engineer from a European Certification Body ask me why exida would bother paying any attention to these failure rate numbers, especially on mechanical devices? He said that he does not know anyone who actually uses them! To answer why exida pays attention to failure rates, we…

Read More...

“Never tell me the odds”

“Never tell me the odds”

-Han Solo, Star Wars, Episode V: The Empire Strikes Back, 1980

I have enjoyed watching and reading about the actions of the fictional Star Wars character Han Solo over the years.  I recall hearing the above quotation more than once.  And as much as I enjoyed watching this character,…

Read More...