This paper introduces a novel hybrid dynamic model for complex systems reliability assessment. The model synergizes expert knowledge elicitation and an enhanced Dempster-Shafer Theory (DST) with Dynamic Bayesian Networks (DBNs) modeling, aiming to surmount the limitations such as uncertainty and static modeling inherent in traditional methods. The proposed model is deployed on a Safety Instrumented System (SIS) designed to prevent runaway reactions within a Continuously Stirred Tank Reactor (CSTR), considering factors such as system degradation, human interventions, and proof testing on system reliability. The analysis pinpointed the logic solver subsystem as the principal vulnerability within the assessed SIS, leading to targeted recommendations to bolster system reliability. The outcomes offer insights for a wide range of safety-critical systems aiming to augment the safety and efficacy of SISs, thereby advancing safety and resilience management across various complex engineering systems, particularly in contexts where field data is scant.