Uncertainty Analysis

Definition:
Uncertainty Analysis quantifies the variability and reliability of inputs, models, and assumptions in risk assessments. This may include sensitivity analysis, monte carlo simulation, or range estimations.

This is a good way to have a process and document to defend important uncertainty decisions.

Key Points:

  • Important for confidence in SIL assignment.
  • Sources include failure rate data, human reliability, and modeling simplifications.

Example:
Assessing SIL verification by comparing risk results using low, median, and high failure rates from different databases to see the effect on required SIL level.”

Cited Source:

  • IEC 61508-6:2010, Annex B.

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Glossary Catalog