General Concepts and Theoretical Background.- Industrial Multi-state Systems (MSS) and Dynamic Reliability Analysis.- Modern Stochastic Processes Methods for Dynamic MSS Reliability Assessment.- LZ-transform and Extended Universal Generating Function (UGF) Technique.-Applications and Real-world Case Studies.- Short-term Availability and Reliability Analysis for Power Systems.- The Lz-Transform and the Markov Reward Approaches for the Reliability Assessment of Ship's Traction Drives.- Availability Determination for MSS Cold Water Supply System.- Availability Analysis for Aging Air Conditioning Systems.- Sensitivity and Importance Analysis of Aging MSS Water Cooling System for Magnetic Resonance Inspection Plant.
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