Track: Engineering Management

Abstract

The environments in which the various industrial equipment operate in most times limit the operational life of the equipment. The operational environments range from hot, cold, corrosive, non-corrosive, strong forces, etc. and no universal material selection is ideal for all operating conditions. A lot of effort needs to be put into the material selections and designs of industrial equipment in order to withstand the relevant operating environment. Physical assets reliability is highly affected by the operating conditions and the applicable maintenance actions need to be deployed to prevent catastrophic equipment failures. The magnitude of failures is also sometimes heavily determined by the operational conditions and the maintenance actions that are taken to counteract the impact of failures are vital considerations for the physical assets reliability. The study is an exploration of reliability aspects pertaining to physical assets in the various operating environments.