Overview of the GoldSim Approach to Risk and Reliability Modeling

The Reliability Module uses an approach that is substantially different from most current approaches to investigating system reliability and risk. This section is intended to provide you with a broad overview of the GoldSim approach to 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. and 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 goal of most reliability and engineering risk analysis models is to establish the lifespan, reliability, degree of availability The probability that a component or system is performing its required function at any given time., or probability of failure of a system. But how do we model a system's performance in GoldSim? In the topics below we introduce the GoldSim approach to reliability and risk modeling by considering how one might model the reliability of a personal computer.