1. A system, comprising: at least one memory that stores computer-executable instructions; at least one processor configured to access the at least one memory, wherein the at least one processor is configured to execute the computer-executable instructions to: receive at least one life-span model associated with power systems equipment and store the at least one life-span model in the at least one memory; determine an accuracy of the at least one life-span model based at least in part on a statistical analysis; and determine a stability of the at least one life-span model.