| Direct and indirect costs, Activity center, Activity stimulant, Final cost Chang-Hwan Lee/ Mi-Ok Song/ Sung-Soo LimInternational Journal of Railway,   vol. 3, no. 1, pp.34-37, 2010
 Abstract : In recent, the railway system consists of subsystems as rolling stock and infrastructures as signaling, telecommunication, 
power supply, overhead contact and platform screen door, etc. Furthermore, each subsystem has complicated interface so 
as not to understand these relationship. Consequently, to operate the railway system continuously with required safety 
and availability, the failure data should be corrected and analyzed systematically during operation. To achieve this object 
effectively, this paper presents the method which is evaluating the operational risk quantitatively using failure data, and 
selecting the critical equipment. Following this analysis, the improvement plan is established and applied to reduce the 
operational risk on system or equipment. From this study, the critical equipments of system could be determined and prioritized by risk analysis. Also, the effective maintenance to prevent critical failure could be implanted by this suggested 
methodology. Keyword : Risk management, Railway System, Operation, Maintenance, RCM |