This asset management white paper is about risk based maintenance and inspection decisions and focuses on some of the resulting best practice methods, analytical tools and results from The MACRO Project. This was a multi-industry, dti-supported joint venture (European ‘EUREKA’ project EU1488), that developed guidance and tools for better cost/risk evaluation and asset management decision-making. It brought together the technical aspects of reliability and risk-based analysis with the economic factors, human issues and data uncertainty.
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