Risk-Based Reliability Analysis — Integrating Risk Assessment with System Dependability

Risk-based reliability analysis (RBRA) is an engineering methodology that combines classical reliability analysis — quantifying failure rates, component lifetimes, and system dependability — with risk assessment frameworks that weigh the severity and consequences of each failure mode. By ranking failures according to both their likelihood and their impact, RBRA guides engineers in allocating inspection, maintenance, and redesign resources where they matter most, rather than treating all potential failures as equally important.