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ASME ( American Society of Mechanical Engineers )
Description: The American Society of Mechanical Engineers (ASME) is a professional association that, in its own words, "promotes the art, science, and practice of multidisciplinary engineering and allied sciences around the globe" via "continuing education, training and professional development, codes and standards, research, conferences and publications, government relations, and other forms of outreach." ASME is thus an engineering society, a standards organization, a research and development organization, a lobbying organization, a provider of training and education, and a nonprofit organization. Founded as an engineering society focused on mechanical engineering in North America, ASME is today multidisciplinary and global.
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RISOn Risk Based Design of Complex Engineering Systems: An Analytical Extreme Event Framework
Publisher: The American Society of Mechanical Engineers (ASME)
Abstract: In this work, a novel analytical framework is proposed for the riskbased design of complex engineering systems. The risk baseddesign process is the reverse process of risk propagation that entails the optimum allocation ...
Evaluation of the Norwegian Major Hazard Risk Management Approach for Offshore Installations in the Concept Selection Phase
Publisher: The American Society of Mechanical Engineers (ASME)
Abstract: The current risk management regulatory approach for the Norwegian offshore petroleum industry came into effect in 2001, but relatively few new installations were decided after 2001 for development until quite recently. ...
Prospect Theory based Real Options Analysis for Noncommercial Assets
Publisher: The American Society of Mechanical Engineers (ASME)
Abstract: When an engineering system has the ability to change or adapt based on a future choice, then flexibility can become an important component of that system’s total value. However, evaluating noncommercial flexible systems, ...
Nonlinear Oscillator Stochastic Response and Survival Probability Determination via the Wiener Path Integral
Publisher: The American Society of Mechanical Engineers (ASME)
Abstract: A Wiener path integral (WPI) technique based on a variational formulation is developed for nonlinear oscillator stochastic response determination and reliability assessment. This is done in conjunction with a stochastic ...
Developments in Robust and Stochastic Predictive Control in the Presence of Uncertainty
Publisher: The American Society of Mechanical Engineers (ASME)
Abstract: Modelbased predictive control (MPC), arguably the most effective control methodology for constrained systems, has seen rapid growth over the last few decades. The theory of classical MPC is well established by now, and ...
A Fast Convergence Parameter for Monte Carlo–Neumann Solution of Linear Stochastic Systems
Publisher: The American Society of Mechanical Engineers (ASME)
Abstract: The Neumann series is a wellknown technique to aid the solution of uncertainty propagation problems. However, convergence of the Neumann series can be very slow, often making its use highly inefficient. In this article, a ...
Identifying Structural Breaks in Stochastic Mortality Models
Publisher: The American Society of Mechanical Engineers (ASME)
Abstract: In recent years, the issue of life expectancy has become of utmost importance to pension providers, insurance companies, and government bodies in the developed world. Significant and consistent improvements in mortality ...
A New Approach for Forecasting the Price Range with Financial Interval Valued Time Series Data
Publisher: The American Society of Mechanical Engineers (ASME)
Abstract: This paper proposes an intervalbased methodology to model and forecast the price range or rangebased volatility process of financial asset prices. Comparing with the existing volatility models, the proposed model utilizes ...
Compensating for Operational Uncertainty in Man–Machine Systems: A Case Study on Intelligent Vehicle Parking Assist System
Publisher: The American Society of Mechanical Engineers (ASME)
Abstract: The successful operation of man–machine systems requires consistent human operation and reliable machine performance. Machine reliability has received numerous improvements, whereas humanrelated operational uncertainty ...
System Based Safety Tenets Applied to the Extra High Voltage Transmission Line Design for Common Uses of Highway Right of Way
Publisher: The American Society of Mechanical Engineers (ASME)
Abstract: The rapidly increasing demand for electricity in recent years resulted in increasing needs of electrical system capacity and deployment for alternate uses of highway rightofway (ROW) for the purpose of electric power ...