Articles related(60%) to "failure probabilities below 1 in a million per year"

Monte Carlo Simulation: Iterations for P(failure) <10⁻⁶/Year

Monte Carlo Simulation: Iterations for P(failure) <10⁻⁶/Year

When engineering systems require failure probabilities below 1 in a million per year, how do we determine sufficient Monte Carlo iterations? The nuclear industry's 2023 near-miss at Hinkley Point C reminds us: underestimating simulation depth can lead to catastrophic miscalculations.

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