Risk Analysis in Engineering and Economics

Bilal M. Ayyub is professor of civil and environmental engineering at University of Maryland, College Park and director of the Center for Technology and Systems Management at A. James Clark School of Engineering. Highly decorated and widely published, he holds degrees from Kuwait University and the Georgia Institute of Technology. A fellow of ASCE, ASME, SRA, and SNAME, as well as a senior member of IEEE, he has completed research and development projects for entities including the National Science Foundation, U.S. Air Force, U.S. Coast Guard, Army Corps of Engineers, Navy, Department of Homeland Security, and private insurance and engineering firms.

Praise for the First Edition "This book ambitiously tackles risk analysis from the ground up. ... an excellent reference for individuals studying in a variety of risk-related disciplines. ... enlightening [examples]...attractive to students approaching risk studies from a variety of substantive backgrounds. ... Advanced students are likely to find Ayyub's treatments...exceedingly valuable." -Journal of the American Statistical Association, June 2004, Vol. 99, No. 466 "... a good textbook and reference. The mix of engineering and economics is well balanced. ... Valuable for students after college and useful for professional engineers." -Technometrics, August 2004, Vol. 46, No. 3 Praise for the Second Edition "... one of a kind in the market. ... I am not aware of books that cover the subject in as comprehensive a manner." -Professor Nii O. Attoh-Okine, University of Delaware, Newark, USA

• Introduction. Risk Analysis Methods. System Definition and Structure. Reliability Assessment. Failure Consequences and Severity. Engineering Economics and Finance. Risk Control Methods. Data for Risk Studies. Fundamentals of Probability and Statistics. Failure Data. References and Bibliography. Index.