Operational Risk [28]

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Bullet points include: If F(tau) is Weibull then: To model failures in a set of m processes (‘machines’), if each are independent of each other, draw m uniform (independent) random variables, u1, u2,..., um and evaluate: Here F-1 is the inverse, i.e. x = F-1(F(x)), not the reciprocal (c.f. N-1)

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