Can I model a pipe with existing defects gathered during an inspection, if yes can I do stress analysis on the deteriorated pipe using FEA and s...

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Can I model a pipe with existing defects gathered during an inspection, if yes can I do stress analysis on the deteriorated pipe using FEA and see if the remaining wall thickness or number wire breaks (depending on pipe Specs) impacts the pipe structure integrity and when the pipe will failure provided different stresses. What is the best software to use?