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RENO Software
Simulation Software for Risk & Decision Analysis

RENO: Probabilistic Event and Risk Analysis
Features Summary [Page 6]
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A Simple Application Example

Perhaps the best way to explore RENO’s features and functionality is by considering some application examples. The software is shipped with an assortment of sample files that address reliability, optimization, risk, financial and other types of analyses. Each file includes documentation on the analysis process and you can use these sample projects to familiarize yourself with the software's analytical potential. In addition, a collection of case study examples are presented on this Web site.

The simple example presented here has been designed to estimate the percentage of times that a hinge assembly will be out of specification based on the known variabilities for its component parts.

Problem Statement
Hinge Assembly
A hinge is made up of four components. Suppose that the part dimensions vary as follows:

  • A - Normal distribution with mean = 2 and std = .02
  • B - Normal distribution with mean = 2 and std = .02
  • C - Normal distribution with mean = 30 and std = .2
  • D - Normal distribution with mean = 34.5 and std = .5

Determine the expected percentage of the time that (A+B+C) will be greater than D (i.e. that the hinge assembly will be out of spec).

RENO Solution
The first step to define this model in RENO is to create definitions for the Random Variables A, B, C and D. This will allow the simulation to set the width of each component with a randomly generated number based on the specified distribution and parameters.

The next step is to create a flowchart to model the problem. There are usually many different ways to model a particular analysis problem. The flowchart presented here includes four steps executed sequentially from left to right (based on the direction of the arrows).

The equation defined in the first Standard Block computes the combined widths of components A, B and C, using values that are randomly generated based on the variable definitions.

Next, a Conditional Block checks to see if A+B+C is greater than D. The input from the “Compute A+B+C” Block is passed to the Conditional Block, which in turn checks against the width of component D (based on the distribution and parameters defined for Random Variable D). If true, then it continues the execution by passing a specified value (in this case, 1) to the next construct in the true path. The false path is not used for this analysis.

Another Standard Block represents an equation that converts the results from a count to a percentage. The reserved keyword IN represents the value passed from the previous construct and SIMS_TOTAL represents the total number of simulations performed on the flowchart.

A Result Storage construct stores a sum of the results across all simulations. This represents the estimated percentage of times that A+B+C was greater than D.

Constructs for Hinge Flowchart - Click to Enlarge...
[Click to Enlarge...]

The final step is to use the Simulation Console to specify the simulation settings, including the number of simulations to be performed, and to start the simulation.

When the simulation completes, the storage variable results are displayed in the Excel®-compatible Simulation Results Explorer and in the flowchart.

Hinge Analysis - Click to Enlarge...
[Click to Enlarge...]

Conclusion
Based on 1,000 simulations, the analysis estimates that A+B+C will exceed D approximately 16.2% of the time. You can follow a similar procedure to model and analyze scenarios of interest to you!

 

 

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To solve problems in RENO, simply:

1) Use definitions and constructs to build the flowchart model.

2) Run the simulation.

3) Evaluate the results.

That’s all it takes to put a powerful simulation engine to work for you!
 

 


Other application examples that are shipped with the software include:

Financial Analysis
- Retirement Strategy
- Life Cycle Cost
- Lease vs. Buy
- Investment Property

Optimization
- Seat Allocation
- Inventory
- PM

Reliability
- Aircraft Readiness
- Reliability Metrics
- Variable Usage
- Stress-Strength

Risk Analysis
- Fuel System Risk
- Chemical Exposure
- Gym Locker Theft

Decision  Trees
- Birthday Party Menu
- Legal Settlement
- Fire Risk

Miscellaneous/Fun
- Blackjack
- Lottery
- Roulette
- Dice Roll
- Rain Prediction

And more...
 

 

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