Abstract
Risk Based Inspection in the maritime sector is an approach that involves the quantitative estimation of the probability of failure and the respective consequences concerning either an equipment item or the hull structure of the vessel. The proper risk based inspection plan has great significance on balancing the safe operation requirements and the inspection costs. This paper deals with the ageing and the breakdown of the fore part of a ship due to different degradation and failure mechanisms (corrosion, fatigue, deformation) and the emerged risks that are related to the property, the personnel and the environment. The developed model evaluates several probable inspection schemes, which diversify based on the inspection effectiveness, the time intervals and the corresponding costs.
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