Abstract
Tougher environmental and safety regulations and cost cutting are forcing refiners and petrochemical companies to search for new tools to manage the integrity of aging equipment. A Risk Based approach to equipment management can be used to quantify and compare the relative cost benefits of inspection practices and policies. In the refining and petrochemical industries, the use of risk analysis as a decision-making tool is gaining industry acceptance. Currently, the American Petroleum Institute (API) is developing a recommended practice for the use of Risk Based Inspection methodology.
© 1999 Association for Materials Protection and Performance (AMPP). All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording, or otherwise) without the prior written permission of AMPP. Positions and opinions advanced in this work are those of the author(s) and not necessarily those of AMPP. Responsibility for the content of the work lies solely with the author(s).
1999
Association for Materials Protection and Performance (AMPP)
You do not currently have access to this content.
