Asset integrity management (AIM) is more important than ever, especially under the current market-driven trend of prolonged operation. This necessitates a notable effort for risk reduction as part of operational excellence and to comply with stringent safety regulations. Risk Based Inspection (RBI) is a key AIM tool by which risk is minimized and costs are optimized. Usually, implementation of an RBI is done through a software that models variables and solves complex equations. Such software may be a legacy system which the owner-user developed, or it could be one of the many available options on the market today.
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