The phrase "asset reliability" is correct and usable in written English.
It can be used in contexts related to finance, engineering, or asset management, where the focus is on the dependability and performance of assets.
Example: "The company has implemented new strategies to improve asset reliability and reduce downtime."
Alternatives: "asset dependability" or "asset performance consistency".
The responsibilities or duties that the function provides include developing a criterion for effective maintenance management and improving asset reliability.
The main functions of the system include asset reliability analysis, failure analysis and maintenance benefit cost analysis.
The primary reason for establishing a maintenance engineering function is to provide focus on asset reliability, maintainability, and life cycle cost for the entire facility.
Bob Dudley, the oil firm's chief executive, said he was pleased with the results: "BP delivered strong operating performance throughout 2013, with increased asset reliability and major project delivery in both our upstream and downstream businesses.
Condition monitoring is of increasing interest within network rail as a suitable method for increasing asset reliability and improving the PPI metric.
The company is currently in the process of modifying its design and capital projects methods to help ensure maximum asset reliability and utilization, lowest life-cycle cost, and lowest unit cost of production.
Forward-thinking manufacturers are piloting machine learning applications and algorithms to interpret asset-level reliability and performance data, leading to more accurate asset-level predictive maintenance and repair schedules.
But Mr Coyle predicts that the Pentagon's regional commanders-in-chief will be reluctant to take into service assets whose reliability is still in question.Another point on which Mr Coyle differs from his former bosses is their contention that pursuit of an anti-missile defence system will inevitably "bump up against" the Anti-Ballistic Missile treaty within a matter of months.
Statistically, at least 85% of all reliability, asset utilization, and high life cycle cost problems are directly attributable to deficiencies in or total lack of enforced configuration management.
Similarly, it's normal to think about energy storage as a reliability asset, and it can become integrated as a lower-cost, non-transmission alternative to boost reliability.
He claimed other sectors showed that better planning management of assets could improve reliability and cut costs.
