A crucial knowledge repository for Reliability professionals
One of the most valuable tools for a Reliability Engineering team is an asset life model repository or Library. This is also known as the Weibull Library. It contains the life models for all the critical assets in the organization. This information is crucial for failure prediction and ultimately decision making in the domain of asset management. It is the company’s own and true version of a “failure database”. It avoids the use other generic external databases that might not reflect the true behavior of the assets in the organization.
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