Validation, Uncertainty, and Quantitative Reliability at Confidence

Abstract

This paper represents a summary of our methodology for Verification and Validation and Uncertainty Quantification. A graded scale methodology is presented and related to other concepts in the literature. We describe the critical nature of quantified Verification and Validation with Uncertainty Quantification at specified Confidence levels in evaluating system certification status. Only after Verification and Validation has contributed to Uncertainty Quantification at specified confidence can rational tradeoffs of various scenarios be made. Verification and Validation methods for various scenarios and issues are applied in assessments of Quantified Reliability at Confidence and we summarize briefly how this can lead to a Value Engineering methodology for investment strategy.

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