NDLI: Game Theory in Strategy Development of Reliability and Risk Management

Content Provider	IEEE Xplore Digital Library
Author	Auda, D.J.
Copyright Year	2007
Abstract	This paper explores development and comparative assessment of strategies to assist the reliability engineer in a competitive program scenario. The idea of using a methodology such as game theory has numerous beneficial aspects. At the very highest level, it brings structure to the competitive approach, which for the most part, is usually a process that is influenced by a variety of unstructured variants. Under some circumstances, program selection and funding may be driven by prevailing personality, favoritism, homage, culture, decree, etc. Under other circumstances the drivers may be lack of understanding, ignorance, flawed data, etc. So the ability to be able to build a compelling persuasive argument for the adoption of reliability initiatives in the face of competitive program selection presents itself as an attractive option. Of course this is a single example, and we are not limited in the application of game theory. The more subtle intent of this paper is to introduce the topic as a descriptive theory rather than a prescriptive theory. In this sense, the thought provoking aspect of game theory provides a rigorous analysis of the political, historical, psychological and psychopathological intricacies that are inherent in any and all conflicts.
Starting Page	467
Ending Page	472
File Size	296697
Page Count	6
File Format	PDF
ISBN	0780397665
ISSN	0149144X
DOI	10.1109/RAMS.2007.328082
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2007-01-22
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Game theory Reliability theory Risk management Costs Reliability engineering Investments Psychology Performance analysis Personnel Six sigma
Content Type	Text
Resource Type	Article

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