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Simulation-based probabilistic risk assessment (SPRA) is a systematic and comprehensive methodology that has been used and refined over the past few decades to evaluate the risks associated with complex systems. SPRA models are well established for cases with considerable data and system behavior information available. In this regard, multiple statistical and probabilistic tools can be used to provide a valuable assessment of dynamic probabilistic risk levels in different applications. ThisarXiv:2207.12575v1 fatcat:br3xhpihazaz7hcm2w7ozriivm