Course Overview

Hands-on software training for:

RENO for Visual Stochastic Event Simulation

[Bring your own laptop or reserve a computer for an additional fee]

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RS 525 Training Seminar
Simulation Modeling for Reliability and Risk Analysis

3 Days     2.1 CEUs     3 CRP Credits
Assumes completion of RS 401 or equivalent knowledge.

RS 525 focuses on the principles of probabilistic event and risk analysis using simulation techniques, with an emphasis on using ReliaSoft’s RENO software to build probabilistic event models utilizing flowcharts. This includes numerous hands-on case studies that address complex reliability, risk and safety analysis problems and other potential applications.

The course presents concepts and software tools that you could use to help your organization:

  • Define a problem, conceptualize how to obtain a solution via simulation, implement the flowchart in RENO, validate the model and use plots and other metrics to analyze and visualize the simulation results.
  • Perform sensitivity analysis to evaluate how key inputs will affect the results.
  • Automatically estimate optimum values by performing multiple simulation runs.

Course Outline

Deterministic vs. Probabilistic Analysis


Introduction to Simulation

  • History of Simulation
  • Understanding Simulation
  • Types of Analyses

Introduction to RENO

  • Definition Objects
  • Construct Objects
  • Building Models

Basics of Risk/Decision Analysis

  • General Models
  • Event Trees
  • Decision Trees
  • Influence Diagrams

Applications of Quantitative Decision & Risk Analyses

  • Probabilistic Design Concepts
  • Optimizing Decisions Under Uncertainty
  • Operational Readiness & Reliability
  • Advanced Reliability Analysis Applications
  • Maintenance Applications
  • Financial Applications
    • Life Cycle Cost Analysis
    • Investment Analysis

RENO as a Programming Language

  • Looking at RENO as a Visual Programming Platform

Multiple Case Studies and Applications


Hands-on Workshop