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RENO Software
Simulation Software for Risk & Decision Analysis

RENO: Probabilistic Event and Risk Analysis
Examples & Case Studies

We have compiled some examples to demonstrate the types of tasks that you will be able to perform with ReliaSoft's RENO software. The examples fall into the following categories:


 
Reliability Examples
  Example R-1
  Estimate the reliability of a snow blower under specified operating conditions that vary by region. Consider the amount of snowfall and the area of the driveways in the region.

Review Study...

  Example R-2
  Determine the reliability and reliability vs. time plot for a washing machine that has different failure distributions for different usage loads.

Review Study...

   
Risk Analysis Examples
  Example RA-1
  Evaluate whether it will be more cost effective to buy a lock or not buy a lock for your gym locker, given the costs of maintaining a lock and the risk of having your valuables stolen.

Review Study...

  Example RA-2
  Evaluate the risk of reaction to a suntan lotion that contains a variable amount of a potentially allergenic chemical. Consider the amount of the chemical in the lotion, the amount of lotion applied and the probability of allergic reaction.

Review Study...

   
Optimization Examples
  Example O-1
  Estimate the optimum allocation of coach and first class seats to maximize revenue for the airline.

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  Example O-2
  Determine the optimum inventory for a newspaper boy to maximize revenue given the demand for newspapers, the cost of supplies and the sales revenue.

Review Study...

   
Decision (Event) Tree Examples
  Example DT-1
  Estimate the number of portions of hamburgers, pizza slices and hot dogs you will need to provide for a birthday party for 40 children.

Review Study...

  Example DT-2
  Compute the probabilities of a variety of outcomes in a lawsuit.

Review Study...

   
General Examples
  Example G-1
  Estimate the percentage of times that a hinge assembly will be out of spec based on the known variabilities for its component parts.

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  Example G-2
  Based on given rates of illness and death, predict the population of a small community over 30  years.

Review Study...

   
Financial Analysis Examples
  Example FA-1
  Given a particular retirement strategy, evaluate the investment income over the next 20 years and with varied investment percentages.

Review Study...

   
Casino Examples
  Example C-1
  Estimate the probability of rolling a 4 with a single 6-sided die and the probability of rolling a pair of 4s with two 6-sided dice.

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  Example C-2
  Use RENO to simulate a straight up bet in American roulette.

Review Study...

   
Miscellaneous Fun Examples
  Example M-1
  Predict the likelihood of rain based on weather conditions over the previous two days.

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  Example M-2
  Approximate the value of pi from Buffon's needle problem using Laplace's equation.

Review Study...

Additional examples are shipped with the software (in the "Examples" folder in the application directory) and in the RENO training guide.

REGIONAL SETTINGS NOTE: Please note that all examples use the decimal definition (.) and list separator (,) for USA regional settings. If your settings differ, you must adjust the inputs accordingly to reproduce the examples. For example, the function f(10.3,2.7) under USA regional settings would be f(10,3;2,7) under German regional settings, and so on.

 

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RENO Pages

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