COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
AT YALE UNIVERSITY

Box 208281
New Haven, CT 06520-8281

COWLES FOUNDATION DISCUSSION PAPER NO. 530

"On the Relation of Various Reliability Measures to Each Other
and to Game Theoretic Values"

Richard Engelbrecht-Wiggans and David R. Strip

1979

A variety of measures have recently been proposed for measuring the relative importance of individual components in the overall reliability of a system. Several of these seemingly different measures are very closely related under the conditions typically assumed in the reliability literature. The measures are also closely related to the probabilistic values of game theory; although the game theoretic literature predates the reliability literature by up to two decades, the similarities have apparently not been previously observed or exploited.