So while the development of this library is going on, in an open-minded attitude we thought to start sharing some ideas also via this website. We would like to discuss the approach in the blog, starting from the initial post. We appreciate your feedback, especially we welcome you to tell us, what your biggest pains are currently, e.g in the risk assessment process.
At this time we are using a multidirectional simulation and reasoning tool as the “working horse” and development platform to build and simulate the application scenarios. A special feature to model behavioral alternatives – like item failures – and a Modelica-like modeling-language allows us to create the model fragments.
Finally, if you are interested in the idea and would like to learn more, get in contact with us. 
The Idea