Reliability Assessment Sample Clauses

Reliability Assessment. The WECC will ensure that interconnected bulk electric system reliability assessments are conducted as needed. The WECC will do this work in conjunction with the Regional Entities to the greatest extent possible. The WECC will also facilitate coordinated reliability assessments among Regional Entities.
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Reliability Assessment. The process of ship structural design goes from the primary structure (midship section) to the detail design of substructures and components such as plates and welded joints. Design of primary load- carrying structures is mainly governed by fatigue and ultimate strength. Fatigue analysis is based on different principles than ultimate collapse. Both the environmental loads and the corresponding stress in a structural component vary with time and can be modelled as stochastic processes. Theory and methods of reliability assessment have been developed significantly in the last two decades and now there are two main types of reliability methods. Time-invariant methods consider that both the strength of the components and the loads do not change with time, i.e. they are random variables. Time-dependent formulations are able to model the case when a component is subjected to a random fluctuating loads and its capacity deteriorates with time. The developments of structural reliability theory, which occurred in the late 60's, started being applied to ship structures in the 70's. Since then several improvements have occurred in the theoretical formulations and in the computational methods of structural reliability, some of which have been applied to the analysis of ship structures. Presently the first and second order reliability methods provide a way of evaluating the reliability efficiently with a reasonably good accuracy, which is adequate for practical applications as provided by [95] and [25]. These approaches take into account the information about the type of distribution of the basic variables, and these analytically based methods have been extended to combine their capabilities with Xxxxx-Xxxxx [68] simulation methods which in turn have been made efficient through different strategies. Non-linear limit state functions are adequately dealt with and the analysis of systems, either in parallel or in series, can be performed with current methods. Furthermore, various interesting formulations for time-varying reliability have been proposed [99],[20]. One problem to study is the behaviour of the whole hull girder of a ship and in particular, the way in which the structural design process is addressed from the point of view of the Regulatory Agencies. Classification Societies have been interested in the subject since the early days, as can be seen in the studies of [2],[5],[90],[108],[82],[29],[36]. The interest of Classification Societies is very important since...
Reliability Assessment. TCS will assess key components of the current radio system not being addressed in the rebanding process. A complete assessment will be completed in the areas of concern and the risks associated with each component that should be replaced or updated to provide a continual high reliable system. A typical assessment could encompass the following technical elements: • Description of existing system configuration; • Description of key components not addressed in rebanding and no longer supported; • Description of required infrastructure hardware/performance reliability factors; This assessment will be documented with a detailed report noting key components and the risks associated with reliability and the costs to upgrade.
Reliability Assessment. The Contractor confirms and continuously ensures that its personnel is fully reliable and sufficiently qualified to perform the Contractual Services. Upon the Customer’ request, the Contractor shall describe its verification process, provide any supporting documentation as well as a written confirmation of reliability and qualification to the Customer without undue delay. The Contractor is obliged upon request of the Customer or a competent supervisory authority to evidence reliability and qualification of the personnel who has been assigned overall responsibility for the performance of the Contractual Services.
Reliability Assessment. Beginning three (3) months after commencement of delivery of production units of the specific METROLOGIC Purchasable Product and thereafter throughout the warranty period, the following threshold parameters will be utilized to compare the actual MFR with (i) a target MFR; (ii) a threshold MFR level which will trigger liquidated damages; for failure to achieve the stated reliability goals: Target Reliability Percentage ( % per month): 2% Liquidated Damages Reliability Percentage ( % per month): 6.5% (hereinafter "LDRP") Account credit per unit failure in excess of the LDRP (assessed monthly): $3 The liquidated damages computed by determining the number of Failed Units in excess of the LDRP units, times $3.00 shall be limited to a maximum of 1% of the aggregate value of METROLOGIC Purchasable Product under warranty. Such damages shall be applied as account credits towards SYMBOL's next purchases of METROLOGIC Purchasable Product. In the event that SYMBOL does not utilize the account credit, or portion thereof, within a one (1) year period of issuance, METROLOGIC shall pay SYMBOL a cash amount equal to the unused credit whereupon the balance of the unused credit shall be set to zero.
Reliability Assessment. 2.5.1 General Reliability numerical evaluation will be performed for components, equipment, subsystems and for the spacecraft to demonstrate compliance with the contractual numerical reliability requirements. The reliability assessments will be updated during the program to include the impact of design changes and more detailed design information as the spacecraft hardware design matures. The results of quantitative reliability assessments will be reported and provided as part of design reviews. Reliability trades will also be used during all phases of the program to identify the relative merits of alternative designs and to assist in problem resolution (i.e., to determine the possible numerical reliability impact resulting from a potential design change). Reliability functional block diagrams will be developed and used to represent the system and subsystem design configurations as they operate over the specified mission phases. These functional block diagrams will in turn be the basis for the reliability block diagrams that indicate the redundancy, cross-strapping, and single thread items of the designs. The reliability block diagrams then become the basis for defining the quantitative reliability of hardware from the unit to the end item spacecraft level. Mathematical models (either discrete or dynamic) will then be used, along with the failure rates calculated for the hardware items, to determine numerical reliability. Quantitative reliability requirements will be specified in the applicable equipment, subsystem, and system performance specifications. USE OR DISCLOSURE OF THE DATA CONTAINED ON THIS SHEET IS SUBJECT TO THE RESTRICTION ON THE TITLE PAGE.

Related to Reliability Assessment

  • Joint Assessment If the Building is not separately assessed, Real Property Taxes allocated to the Building shall be an equitable proportion of the Real Property Taxes for all of the land and improvements included within the tax parcel assessed, such proportion to be determined by Lessor from the respective valuations assigned in the assessor's work sheets or such other information as may be reasonably available. Lessor's reasonable determination thereof, in good faith, shall be conclusive.

  • No Joint Assessment Borrower shall not suffer, permit or initiate the joint assessment of the Property (a) with any other real property constituting a tax lot separate from the Property, and (b) which constitutes real property with any portion of the Property which may be deemed to constitute personal property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to such real property portion of the Property.

  • Report on Assessment of Compliance and Attestation (a) On or before March 1 of each calendar year, commencing in 2007, the Servicer shall:

  • Research Analyst Independence The Company acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Company may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company by such Underwriters’ investment banking divisions. The Company acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

  • Quality Assurance The parties endorse the underlying principles of the Company’s Quality Management System, which seeks to ensure that its services are provided in a manner which best conforms to the requirements of the contract with its customer. This requires the Company to establish and maintain, implement, train and continuously improve its procedures and processes, and the employees to follow the procedures, document their compliance and participate in the improvement process. In particular, this will require employees to regularly and reliably fill out documentation and checklists to signify that work has been carried out in accordance with the customer’s specific requirements. Where necessary, training will be provided in these activities.

  • Risk Assessments a. Risk Assessment - Transfer Agent shall, at least annually, perform risk assessments that are designed to identify material threats (both internal and external) against Fund Data, the likelihood of those threats occurring and the impact of those threats upon the Transfer Agent organization to evaluate and analyze the appropriate level of information security safeguards (“Risk Assessments”).

  • Reverse Engineering The Customer must not reverse assemble or reverse compile or directly or indirectly allow or cause a third party to reverse assemble or reverse compile the whole or any part of the software or any products supplied as a part of the Licensed System.

  • Environmental Assessment Buyer shall have the right for a period commencing upon execution of this Agreement by both parties and ending on November 28, 2012, to conduct an environmental assessment of the Assets, at Buyer’s sole risk, liability and expense. Seller shall make available to Buyer, during the environmental assessment period described above, Seller’s historical files regarding prior operations on the Assets, and provide Buyer and its representatives with reasonable access to the Assets to conduct the environmental assessment. Buyer shall provide Seller three (3) days prior written notice of a desired date(s) for such assessment and Seller shall have the right to be present during any assessment and, if any testing is conducted pursuant to Seller’s express prior written consent, Seller may require splitting of all samples. Notwithstanding any other provision of this Agreement to the contrary, Buyer shall not have the right to drill any test, monitor or other xxxxx or to extract samples of any air, soil, water or other substance from the Assets without Seller’s express prior written consent. If Buyer proposes a reasonable request to drill a test well or extract a sample pursuant to a systematic and customary procedure for the assessment of the environmental condition of the Assets and Seller refuses to grant its consent to such a well or sampling, then Buyer shall have the right, for a period of seventy-two (72) hours following notification of Seller’s refusal to consent, to deliver written notice to Seller of Buyer’s election to exclude from this transaction the portion of the Assets affected by such proposed test well or sample, and the Purchase Price shall be adjusted accordingly by the Allocated Value of such portion of the Assets so excluded. Under no circumstances whatsoever shall Seller ever be obligated to grant its consent to any such test xxxxx or sampling proposed by Buyer, and Buyer’s sole and exclusive remedy for any refusal by Seller to grant its consent shall be the limited right contained in the preceding sentence to exclude the affected Assets from the transactions contemplated by this Agreement. If Buyer fails to exercise the right to exclude such Assets by written notice to Seller delivered prior to the expiration of the seventy-two hour period described above, then Buyer shall be conclusively deemed to have waived such right and shall be obligated to purchase the affected Assets without conducting such testing or sampling or any adjustment of the Purchase Price unless otherwise provided in this Agreement.

  • Independent Analysis Each Party hereby confirms that its decision to execute this Agreement has been based upon its independent assessment of documents and information available to it, as it has deemed appropriate.

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