This book addresses the reliability, risk, and safety issues of real industrial systems with application of the latest reliability and risk-based modeling. Related topics such as maintenance decision-making and risk and safety modeling are also addressed with the implementation of decision-making techniques. The book provides real-life studies on industrial operations along with solutions. It discusses modeling and optimization of reliability and safety aspects in industry and covers reliability maintenance issues in process industries. The book goes on to present cost optimization, life cycle costing analysis, and multi-criteria decision making (MCDM) application for risk and safety analysis. Academic institutions, students, professionals, large companies involved in engineering sciences, research scholars, and investigators working in the domain of Reliability and Safety Engineering and its allied domains will find this book useful.