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Application Examples for RENO

We have compiled some examples to demonstrate the types of tasks that you will be able to perform with ReliaSoft's RENO software.

You can use RENO for a wide variety of applications including, but not limited to:

• Reliability and Quality Examples
• Risk Analysis Examples
• Optimization Examples
• Decision (Event) Tree Examples
• Financial Analysis Examples
• Miscellaneous Fun Examples

Additional examples are shipped with the software (in the "Examples" folder in the application directory) and in the RENO training guide.

Note: The data and/or exact test method that were used may have been modified in cases where the actual information was deemed to be confidential.

Note: All examples use the decimal definition (.) and list separator (,) for USA regional settings. If your settings differ, you must adjust the inputs accordingly to reproduce the examples. For example, the function f(10.3,2.7) under USA regional settings would be f(10,3;2,7) under German regional settings, and so on.

Reliability and Quality Examples

Example R-1:

Snow Blower Reliability

Estimate the reliability of a snow blower under specified operating conditions that vary by region. Consider the amount of snowfall and the area of the driveways in the region.

See Example

Example R-2:

Reliability Considering Both Failure and Usage Distributions

Determine the reliability and reliability vs. time plot for a washing machine that has different failure distributions for different usage loads.

See Example

Example R-3:

Hinge Assembly Variability

Estimate the percentage of times that a hinge assembly will be out of spec based on the known variabilities for its component parts.

See Example

Risk Analysis Examples

Example RA-1:

Buy a Lock for Gym Locker?

Evaluate whether it will be more cost effective to buy a lock or not buy a lock for your gym locker, given the costs of maintaining a lock and the risk of having your valuables stolen.

See Example

Example RA-2:

Risk of Allergic Reaction to Suntan Lotion

Evaluate the risk of reaction to a suntan lotion that contains a variable amount of a potentially allergenic chemical. Consider the amount of the chemical in the lotion, the amount of lotion applied and the probability of allergic reaction.

See Example

Example RA-3:

Markov Type Problem

Based on given rates of illness and death, predict the population of a small community over 30 years.

See Example

Optimization Examples

Example O-1:

Allocate Aircraft Seats to Maximize Revenue

Estimate the optimum allocation of coach and first class seats to maximize revenue for the airline.

See Example

Example O-2:

Optimum Newspaper Inventory

Determine the optimum inventory for a newspaper boy to maximize revenue given the demand for newspapers, the cost of supplies and the sales revenue.

See Example

Decision (Event) Tree Examples

Example DT-1:

Birthday Party Menu Design

Estimate the number of portions of hamburgers, pizza slices and hot dogs you will need to provide for a birthday party for 40 children.

See Example

Example DT-2:

Lawsuit Outcomes

Compute the probabilities of a variety of outcomes in a lawsuit.

See Example

Financial Analysis Examples

Example F-1:

Planning a Retirement Strategy

Given a particular retirement strategy, evaluate the investment income over the next 20 years and with varied investment percentages.

See Example

Miscellaneous Fun Examples

Example M-1:

Rain Prediction

Predict the likelihood of rain based on weather conditions over the previous two days.

See Example

Example M-2:

Buffon's Needle

Approximate the value of pi from Buffon's needle problem using Laplace's equation.

See Example

Example M-3:

Estimating Dice Roll Probabilities

Estimate the probability of rolling a 4 with a single 6-sided die and the probability of rolling a pair of 4s with two 6-sided dice.

See Example

Example M-4:

Roulette

Use RENO to simulate a straight up bet in American roulette.

See Example