MRQ1503 | Optimizing Equipment Maintenance & Replacement Decisions

Start End Duration Venue Fees
13 Jan 2020 24 Jan 2020 2 Weeks Istanbul $7,300 Register
03 Feb 2020 14 Feb 2020 2 Weeks London $7,900 Register
09 Mar 2020 20 Mar 2020 2 Weeks Kuala Lumpur $7,300 Register
05 Apr 2020 16 Apr 2020 2 Weeks Dubai $6,900 Register
03 May 2020 14 May 2020 2 Weeks Cairo $6,400 Register
15 Jun 2020 26 Jun 2020 2 Weeks Bangkok $7,500 Register
13 Jul 2020 24 Jul 2020 2 Weeks Beijing $9,000 Register
03 Aug 2020 14 Aug 2020 2 Weeks Jakarta $8,000 Register
06 Sep 2020 17 Sep 2020 2 Weeks Alexandria $6,400 Register
04 Oct 2020 15 Oct 2020 2 Weeks Abu Dhabi $6,900 Register
09 Nov 2020 20 Nov 2020 2 Weeks Bali $8,000 Register
14 Dec 2020 25 Dec 2020 2 Weeks New York $10,000 Register


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




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Ibn Al-Hakam Square, Helmyat El-Zaytoon, Cairo, Egypt
Tel: 002 01117866099 | 01117864455, Email: info@pioneerscenter.com
 

Benefits to Organization

1. The candidates will become competent, effective and productive on their jobs. This training program is useful for:
        · Competency building where existing employee is promoted or planned to be promoted.
        · Technical knowledge, skills and competencies.
        · Needs and expectations of the stakeholders/ customers both internal and external.
        · Opportunities to exceed stakeholder/ customer expectations.
2. Create a pool of trained manpower that can cost-effectively spread the knowledge to large number of employees inside the organization.
3. Our facilitators often act as mentors for your trained employees and thus provide a most effective way to ensure effective competency development and application by your motivated staff.
4. We adopted a one-to-one approach that can provide more room for your employees to work at their own pace and address individual needs more freely.

Benefits to the Individuals

1. The candidates will gain a multi-discipline understanding of the subject matter.
2. Have an individual action plan to take away that will help the candidates make a difference in their organizations. This will add value to the expertise and experience of the candidates’.
3. Be more able to enhance job satisfaction and reduce wasted time and effort.
4. Ensure that the candidates will know and appreciate the strategic imperatives that drive the organization's efforts in their relevant job area.
5. Be more able to align your roles and job requirements with the organization’s mission and vision.
6. Be more able to meet your deadlines and tasks and successfully complete any scorecard in a timely fashion.

Additional Benefits

1. Good & best industry practices.
2. Checklist approach for ease of understanding and practical application.
3. Latest technologies including information technology, quality assurance and methodology.
4. Quality assurance and quality improvement incorporated in each program.
5. One-to-one approach and small groups will lead to learner-centered environment.
6. Experienced and qualified instructors both academically and in practice.
7. Customized programs to meet and suit individual training needs.
8. Letters of recommendation for the exceptional performers.

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