Extended Bow-Tie model for asset risk and reliability modeling: application to a passenger lift

A risk and reliability modelling framework for railway assets based on the Petri Net and the Bow-Tie models is proposed in this paper. A Petri Net model together with the Monte Carlo simulation is used to replicate the projected operational usage of the asset, inspection and maintenance policies and...

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Bibliographic Details
Main Authors: Vileiniskis, Marius, Remenyte-Prescott, Rasa
Format: Conference or Workshop Item
Published: 2016
Online Access:https://eprints.nottingham.ac.uk/34547/