Remaining Useful Life (RUL)

RUL refers to the estimated time that an asset or component can continue to operate effectively before it requires replacement or significant overhaul. Determining RUL is crucial for predictive maintenance strategies, as it helps in planning maintenance, replacements, and budgeting for future expenditures. Advanced predictive analytics and condition monitoring technologies are often used to assess and update RUL estimates based on the current condition of the equipment.