Health management of industrial systems. Preventive maintenance. Condition-based maintenance. Failure rate and renewal theory. Weibull analysis. Analytics of faults. Diagnosis and prognosis of physical asset state. Estimation of residual life. Data-based decision-making. Maintenance actions of repair and replacement. Optimal inspection strategies. Processing massive data of system's state. Machine learning techniques for fault detection and predication. Life cycle cost analysis. Measures of performance and performance indices.