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AVEVA ™ Asset Strategy Optimization

Risk number

  • Last UpdatedDec 02, 2024
  • 1 minute read

In Asset Strategy Optimization, the risk number is calculated on the basis of the commonly known premise that "Risk = Probability * Effect". In Asset Strategy Optimization, you also have the option of using the maintenance duration when determining the risk number.

The data required to calculate the risk number are located in several places in Asset Strategy Optimization. Below is a list of data that you must enter in order to generate a risk analysis. The starting point is the following formula.

Risk = Probability * Effect (* Maintenance Duration)

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