Targeted Audience Dates and VenuesPhysical Asset Management & Reliability Concepts
From Maintenance Management to Physical Asset Management
- Challenges of physical asset management
- The maintenance excellence pyramid
- Total Productive Maintenance
- Reliability Centered Maintenance
- Optimizing Maintenance & Replacement Decisions
Reliability Improvement through Preventive Maintenance
- Analysis of Component Failure Data
- Probability Density Function
- Reliability Function
- Weibull Density
- Infant Mortality
- Bath-Tub Curve
Exercise in Analysing Component Failure Data Using the Weibull Distribution
- Estimating the Weibull Parameters
- Using Median Rank Tables
Dealing with Censored Data, the 3-Parameter Weibull, and the Kolomorgov-Smirnov Test
- Upper-End Censoring, Multiply Censored Group Data
- Estimating the Location Parameter in the Weibull Distribution
- Checking the Goodness-of-Fit of the Distribution
Preventive Maintenance & Spare Parts Replacements
Reliability Improvement through Preventive Maintenance(continued)
- Component Replacement Procedures including Glasser’s Graph
- Block Replacement Policies
- Age-Based Replacement Policy
- Setting Policies based on Safety Constraints, Cost-Minimization and Availability-Maximization
- Repairable systems
Case Studies in Component Preventive Replacement
- Including boiler plant, bearings, pumps, sugar feeds, compressor valves, and centrifuges
Spare parts provisioning
- Fast moving spares
- Emergency (insurance) spares
Case studies in spares provisioning
- Including line replaceable units (LRUs), cylinder heads, repairable conveyor electric motors and utility transformers
Group and individual exercises
Clinic: Hands-On Use of PC Software for Preventive Replacement Strategies
- Participants will solve pre-set problems
Machine Health Monitoring & Inspection
Reliability Improvement through Inspection
Inspection Frequency and Depth for equipment in continuous operation
- Inspection Intervals to Maximize Profit
- Maximizing Equipment Availability
- Inspection Intervals for Equipment Used in Emergency Situations (e.g. protective devices)
- Case studies including oil and gas field equipment such as pressure safely valves (for protective devices)
Health-Monitoring Procedures
- Proportional Hazards Modelling
- Spectroscopic Oil Analysis Programs
- Optimization of Condition-Based Maintenance Procedures
- Role of software for CBM optimization
- Case studies including food procession industry (vibration monitoring), pulp and paper and shipping equipment such as compressors (vibration monitoring) and diesel engines (oil analysis), turbines in an electrical generating station (pressure measurements)
Economics of Reliability
Reliability Improvement through Asset Replacement
Aspects of Discounted Cash Flow Used in Capital Equipment Replacement Analysis
- Estimating the Interest Rate Appropriate for discounting
- Present-Value Calculations
- The effects of Inflation in the Analysis
- Calculating the Equivalent Annual Cost (EAC)
Economic Life of Capital Equipment
- The “Classic” Economic Life Model
- Before-and-After Tax Calculations
- The Repair-vs-Replace Decision
- Life-Cycle Costing
- Technological Improvement
Group and individual exercises
Clinic: Hands-On Use of PC Software for Capital Equipment Replacement Analysis
- Participants will solve pre-set problems
Effective Management of Maintenance Resources & Information
Effective Use of Maintenance Resources
Organizational Structure, Crew Sizes, Workshop Resource Requirements
- Balancing Maintenance Costs against Plant Reliability
- Establishing the optimal number of machines to have in a workshop
- Resource Requirements Using Queuing Theory and Simulation
- Utilization of Outside Resources
- Lease-vs.-Buy Decision
Case studies including balancing maintenance cost and reliability in an electrical generating station, establishing optimal mix of machines to have in a steel mill maintenance workshop, establishing shift patterns and maintenance crew sizes in a petrochemical plant.