PROGRAM'S BACKGROUND

Equipment maintenance and replacement decision are frequently based on informed opinions or subjective responses to common situations. In this program, we will deal with procedures based on careful research that is firmly rooted in reality. The program is intended to give you the tools needed to make data-driven decisions, which you can apply in your own environment and upon which you can rely to help you in developing appropriate programs.

This program is designed to give you those tools. Our time is limited, and our individual interests and concerns vary. So we may not solve your particular problems in this program. However, this unique program will provide you with the concepts and techniques you need to address problems that arise as you carry out your responsibilities.

PROGRAM'S OBJECTIVES

This Program’s Attendees Will Be More Able To:

›       Select the most appropriate analytical tools for maintenance decision making

›       Relate safety objectives to optimization models

›       Introduce critical decision-making topics

›       Acquaint with leading-edge and on-the-horizon approaches

›       Continue to apply the program-learning to your workplace problems

›       Know the techniques of optimization

›       Easily make decisions about work-crew sizes, the replacement of component-parts and the entire equipment units

›       Be equipped with the know-how to select the most appropriate analytical tools for maintenance decision-making

›       Realize how safety objectives relate to the optimization models, and underline the advantages of having a well-documented and rigorously-executed program of maintenance and replacement

›       Be introduced to the critical decision-making topics that can make a significant difference to the in-service time of equipment, to the costs related to doing maintenance too often or too seldom, and the optimization of asset utilization

›       Cover the classic need-to-know material in the area

›       Be acquainted with leading-edge and on-the-horizon approaches that they will encounter in the near future

PROGRAM'S ATTENDEES

›       Petroleum Engineers

›       Plant Operations Professionals

›       Facility Professionals

›       Mechanical Engineers & Supervisors

›       Maintenance Engineers & Supervisors

›       Operation Engineers & Supervisors

›       Maintenance or Reliability Professionals who are responsible for maintaining and managing the physical equipment assets of a Plant/Facility

PROGRAM'S OUTLINE

PHYSICAL ASSET MANAGEMENT & RELIABILITY CONCEPTS

›       Challenges of physical asset management

›       The maintenance excellence pyramid

›       Reliability through the operator: total productive maintenance

›       Reliability by design: reliability cantered maintenance

›       Optimizing maintenance & replacement decisions

RELIABILITY IMPROVEMENT THROUGH PREVENTIVE MAINTENANCE

›       Analysis of component failure data

›       Probability density function

›       Reliability function

›       Hazard function

›       Weibull density

›       Infant mortality

›       Bath-tub curve

RELIABILITY IMPROVEMENT THROUGH PREVENTIVE MAINTENANCE

›       Component replacement procedures including Glasser Graph

›       Block replacement policies

›       Age-based replacement policy

›       Setting policies based on safety constraints

›       Cost-minimization and availability-maximization

›       Repairable systems

INSPECTION FREQUENCY & 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)

INSPECTION FREQUENCY & 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)

HEALTH-MONITORING PROCEDURES

›       Proportional hazards modelling

›       Spectroscopic oil analysis programs

›       Optimization of condition-based maintenance procedures

›       Role of software for CBM optimization

RELIABILITY IMPROVEMENT THROUGH ASSET REPLACEMENT

›       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

EFFECTIVE USE OF MAINTENANCE RESOURCES

›       Balancing maintenance costs against plant reliability

›       Establishing the optimal number of machines to have in a program

›       Resource requirements using queuing theory and simulation

›       Utilization of outside resources

›       Lease vs. buy decision

ADDITIONAL DETAILS