Importance measures and resource allocation
Conference
·
OSTI ID:5744703
This paper discusses various importance measures and their practical relevance to allocating resources. The characteristics of importance measures are illustrated through simple examples. Important factors associated with effectively allocating resources to improve plant system performance or to prevent system degradation are discussed. It is concluded that importance measures are only indicative of and not equal to the risk significance of a component, system, or event. A decision framework is suggested to provide a comprehensive basis for resource allocation.
- OSTI ID:
- 5744703
- Report Number(s):
- CONF-861211-
- Country of Publication:
- United States
- Language:
- English
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