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The aircraft components' lifetime is a key decision–making metric for the performance of safety–critical items. The piece–part degradation and age–related changes are critical from the perspective of design and continued airworthiness. The most obvious issue during design development is to establish the need for planned replacement for components that are known to have a limited life. During investigation of an airworthiness issue, it is necessary to determine if the anomaly is time–dependent. If it is, then the anticipated failure probability as a function of time must be estimated such that a decision regarding corrective action can be made. For both cases, an analysis must be performed to determine if and when planned replacement is necessary. Because unanticipated retrofits are costly and difficult, credible and accurate lifetime prediction is essential.

Aircraft systems are designed with reliability, safety and cost effectiveness in mind. The certification of the aircraft is based on tests and results of theoretical analyses that show the compliance with the FAR/JAR requirements. Monitoring for safety for in-service aircraft is an important, critical and extremely complex process. The ultimate objective is to assure that the safety level is equal to the original estimate or better. The manufacturer of the aircraft is particularly responsible for overall monitoring and assessment of all safety related events and corrective actions. Many different philosophies were adopted for this purpose. The safety monitoring and audit strategy is generally based on experience, engineering judgment, event analysis and numerical quantification by using probability theory and statistical tools. The aircraft sequential entry in the service and the aging of their components lead to the non-homogeneity of the fleet.