True. You can put in non-linear equations as part of the TTF estimate. A risk assessment should represent the actual underlying science as much as possible/practical.
This is one of the more challenging aspects of modern risk assessment. One of the keys is to select the future date for which the PoF is being estimated. This is often ‘next year’ but can really be 5 years, 10 years, 20 years, etc into the future. Another key is to ensure that both likely and […]
TTF is indeed the more useful metric for many applications. However, the TTF has a probabilistic aspect that must be understood before its use in, for example, setting an integrity reassessment interval. The TTF calculation uses segment lengths since degradation mechanisms are usually related to surface areas. A probabilistic TTF per mile is an intermediate calculation […]