Analytical model selection framework for asset failure prediction

Figure 1: Asset classification basis energy type

Analytical model selection framework for asset failure prediction

Figure 2: Asset specific failure parameter

Analytical model selection framework for asset failure prediction

Table 1: Major component failures in transformers, centrifugal pumps and PCP pumps

Analytical model selection framework for asset failure prediction

Figure 3: Generalized approach to choose analytical framework for asset failure prediction modeling

Analytical model selection framework for asset failure prediction

Table 2 – Framework application in resolving real-life business challenges

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