Modeling, Integration, and Automation of Degradation to Generate Asset Lifespan Analytics Using

Abstract

The degradation of metallic industrial assets, equipment, and components costs governments, industries, and citizens billions of dollars a year. Also, the degradation of industrial assets and infrastructure proliferates a myriad of safety problems. AssessLIFE software addresses this strategic deficiency by focusing on forecasting strategies rather than on mitigation strategies in the active battle against industrial asset degradation. By employing tested and proven scientific analytical computations, forecasting, prediction, and analytics, the AssessLIFE software plans to significantly reduce the billions of dollars expended via inspection, treatment, and repair of degradation-prone assets and infrastructure. The AssessLIFE software leverages many scientific studies and research in many fields of engineering. The AssessLIFE software also emphasizes the computerization or automation of the processes of metallic (alloys and welds) degradation mechanisms and parameters using digital techniques.