@inproceedings{scholars5096, year = {2014}, publisher = {EDP Sciences}, journal = {MATEC Web of Conferences}, doi = {10.1051/matecconf/20141303006}, volume = {13}, note = {cited By 2; Conference of 4th International Conference on Production, Energy and Reliability, ICPER 2014 ; Conference Date: 3 June 2014 Through 5 June 2014; Conference Code:106620}, title = {Risk matrix model for rotating equipment}, address = {Kuala Lumpur}, author = {Wassan, R. K. and Majid, M. A. A. and Mokhtar, A. A.}, issn = {2261236X}, abstract = {Different industries have various residual risk levels for their rotating equipment. Accordingly the occurrence rate of the failures and associated failure consequences categories are different. Thus, a generalized risk matrix model is developed in this study which can fit various available risk matrix standards. This generalized risk matrix will be helpful to develop new risk matrix, to fit the required risk assessment scenario for rotating equipment. Power generation system was taken as case study. It was observed that eight subsystems were under risk. Only vibration monitor system was under high risk category, while remaining seven subsystems were under serious and medium risk categories. {\^A}{\copyright} 2014 Owned by the authors, published by EDP Sciences.}, url = {https://www.scopus.com/inward/record.uri?eid=2-s2.0-84904967965&doi=10.1051\%2fmatecconf\%2f20141303006&partnerID=40&md5=7d4a77c27b518c4330c752520f762dc6}, keywords = {Risk assessment; Rotating machinery, High-risk categories; Monitor system; Power generation systems; Residual risk; Risk categories; Risk matrix; Rotating equipment, Risk perception} }