Probabilistic Concept and Risk Assessment


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Probabilistic Concept and Risk Assessment
10103021010706103030010302001031600 Probabilistic Concept and Risk AssessmentAny decision to purchase equipment is not made only on its initial price but also on its likelihood of failure during operational cycle. Premature failure has its consequences. Decision is made on the risk that a business entity may be willing to accept by balancing profit and loss.The likelihood of equipment failure for any kind of operation depends on its design and manufacture. The consequences of failure depend on many factors, …
Citation
Murari P. Singh, Ph.D.; Michael J. Drosjack, Ph.D.; David H. Linden: Expanders for Oil and Gas Operations: Design, Applications, and Troubleshooting. Probabilistic Concept and Risk Assessment, Chapter (McGraw-Hill Professional, 2014), AccessEngineering Export