Reliability modeling strategy of an industrial system

Abstract

This paper outlines a reliability modeling strategy and its application to the industry. Since many industries are operated and controlled by programmable logic controllers, a modeling strategy, inspired by reliability analysis and using the data available for one of the biscuit manufacturing industry is suggested. System effectiveness is analyzed and various reliability indices are obtained using semi-Markov and regenerative processes. Profit incurred to the system is obtained mathematically. Graph is essentially established to study the pattern of profit with respect to revenue per unit up time for the case example under study.