How Does GoldSim's Approach Differ From Other Reliability Modeling and Risk Analysis Approaches?

When discussing how GoldSim differs from other approaches, it is useful to differentiate reliability modeling Analyzing the ways that systems can fail (and be repaired) in order to increase their design life, and eliminate or reduce the likelihood of failures, downtime and safety risks. from risk analysis An analysis that focuses on predicting the probability of those (presumably rare) failures that can lead to injury, loss of life, severe damage to the system, or perhaps damage to the surrounding environment.. The GoldSim Reliability Module can be used for both types of analysis. With conventional methods, however, these two types of analysis use very different types of tools (since they are focused on different types of results).