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September 10, 2025Maintenance Reliability and Condition MonitoringOpen Access

Multi-stage quantitative risk assessment of a critical system in mining industry

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Authors

SMSagar MoreJames Cook UniversityWMWilliam MilneJames Cook UniversityRTRabin TuladharCentral Queensland University

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Implication

Proposed framework enhances risk assessment and decision-making in mining industries, optimizing maintenance strategies.

Key Points

  • The proposed framework improves risk assessment objectivity, reducing inconsistencies in maintenance decisions.
  • Quantitative analysis of failure rates and costs enables systematic prioritization of maintenance activities.
  • Integrating engineering asset management practices can significantly reduce operational risks in mining operations.
  • Employing criticality analysis helps align resource allocation with business objectives, boosting overall efficiency.

Cite This Study

More et al. (2025) studied this question.

synapsesocial.com/papers/68c24126b210217d6479e66fhttps://doi.org/10.21595/marc.2025.24908
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