Reliability, Availability & Maintainability (RAM) Simulation
In this episode, Shane Scriven and I, continue our conversation from the previous episode and build on Reliability Modelling basics. We talk about the differences between Modelling & Simulation and how uncertainty plays a key role.
We also discuss the various inputs required for simulating our assets and gain valuable insights for spare optimization, labour hours and cost estimation and ofcourse, the expected Reliability & Availability measures.
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