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This book deals with reliability analysis of complex industrial systems. Many industrial systems have been analysed over the last 3 decades under different operational conditions and assumptions. Mostly, the systems were analysed for estimating the reliability indices such as mean time to systems failure, availability analysis, failure frequency, mean down time, expected busy periods of the repairmen, and their respective cost-benefit analysis. The main objective all over these years was to focus on the system performance over a long period of time; it's basically studies on system performance of industrial system. An attempt has been made in this book to collect the sufficient literature and recommend some useful tips to diversify the discipline for more fruitful results on the system performance.