Presenting a radically new approach and technology for setting reliability requirements, this superb book also provides the first comprehensive overview of the M/F-FOP philosophy and its applications. * Each chapter covers probabilistic models, statistical and numerical procedures, applications and/or case studies * Comprehensively examines a new methodology for problem solving in the context of real reliability engineering problems * All models have been implemented in C++ * The algorithms and programming code supplied can be used as a software toolbox for setting MFFOP * Case studies are taken from the nuclear, automotive and offshore industry to provide 'real-world' applications.