Risk-Based Maintenance for Electricity Network Organizations by Ravish Preshant Yashraj Mehairjan

Author:Ravish Preshant Yashraj Mehairjan
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham

The likelihood of the scenario (O scenario (business value)) and the frequency of occurrence of the failure mode (O failure mode) together form a conditional occurrence [in parenthesis in Formulas (4.2) and (4.3)]. This conditional occurrence is then looked up in a table specifically designed for the calculation of the RPN

For instance,

– O failure mode: probable = 0.1

– O scenario (business value): probable = 0.1

– Conditional occurrence = 0.1 × 0.1 = 0.01

Assuming that in the table (risk management table) 0.01 is ranked as having a calculation value of 5. The value for the conditional occurrence is 5, and this will be used for the further calculation of the RPN value

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