Asset Deterioration Modelling Services
Statistical analysis of historical failure and performance data, supplemented where necessary through elicitation of expert judgements. Failure consequences analysed typically include disruption to service, environmental impacts, and costs incurred.
- Appropriate mathematical techniques are applied for the analysis of repairable and non-repairable failure modes, and for condition deterioration of longer life assets.
- Technique can be applied to large heterogeneous data sets for planning investments across the whole asset base, or to study particular asset types and failure modes in more detail to improve maintenance efficiency.