Definition of Probability of failure

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TeachMeFinance.com - explain Probability of failure



Probability of failure

The term 'Probability of failure' as it applies to the area of reclamation can be defined as ' Likelihood that, given the loading event and failure mode, the structure responds with the necessary adverse occurrences to ultimately result in uncontrolled reservoir release'.

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Probabilistic risk assessment (PRA)
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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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