Fault tree analysis (FTA), reliability block diagrams (RBD) and event tree analysis (ETA) are established methods for assessing potential risks of hazardous events, in particular when resulting from coincidental events. Combining the Boolean algebra, probability theory and reliability data, they allow quantitative estimation of intrinsic risks from technical equipment like machinery control, aerospace systems or vehicle functions, among many others. The quantitative reliability theory was mainly developed between the 1960s and the 1980s. At that time, simplifications and approximations for the mathematical formulae were needed to achieve calculation results within acceptable time, regarding restricted computer resources. Our investigation r...