Risk Analysis

  • Arthur D. Little, Inc.
    Application: FaultrEASE
    FaultrEASE, one of Arthur D. Little's line of RiskWorks risk analysis software systems, built with Allegro CL for Windows, is a new generation of large-scale fault tree analysis applications allowing users to dynamically perform CAD operations on-the-fly. Fault tree analysis, first invented by Boeing in the 1960's, was originally used in the nuclear power industry to assess the likelihood of power plant faults. These systems are now used to perform risk analysis in a variety of fields including medical device electronics, chemical processing, automobile, rail transit insurance and other industries requiring documented risk analysis.

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