Question : I have a situation in manufacturing operations where we have to take a judgmental decision on our equipment’s re-furbishing based on visual inspection.
It is a very crucial area of the business since it is part of the complex and risky Klinkerization process. In the short of it, we have to decide whether to replace brick lining which is critical for the survival of the equipment before the next shutdown and that is a year later.
Response : There are several ways I would go about dimensioning risk on this type of potential project and these methods have been introduced in the presentation attached to this post - Follow this link for the presentation
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