Optimizing Equipment Maintenance and Replacement Decisions
July 20 - July 21
- Is your equipment (fixed or mobile) failing before planned replacement?
- Are you unable to execute maintenance tasks because spare parts are not available?
- Have you made significant investment in CBM methods and tools but struggle to realize the benefit?
- Do you have lots of data from oil analyses but still struggling to accurately predict your equipment breakdowns?
- Do you know how to determine optimum asset life?
- Are you struggling to justify the economics of asset replacement?
- Are you having difficulties in deciding whether to rebuild or replace your equipment to minimize the life cycle costs?
- Do you need to optimize your emergency spare requirements?
The objectives of the program can be summarized as follows:
- To focus on the techniques of optimization – the single most important thrust of this learning program. Whether the decision is about work-crew sizes, or the replacement of component-parts or entire equipment units, the concept of making the very best, most optimal, decision will be the principal concern of the training program.
- The concept of making the very best, most optimal, decision will be the principal concern of the training program.
- To equip the participating maintenance managers, planners and schedulers and engineers with the know-how to select the most appropriate analytical tools for their maintenance decision-making.
- Reflecting the growing focus of industrial safety and the profusion of safety-related litigation – think of transportation accidents, chemical spills, and mining disasters – the program will show how safety objectives relate to the optimization models, and will underline the advantages of having a well-documented and rigorously-executed program of maintenance and replacement.
- To introduce 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.
- To not only cover the classic need-to-know material in the area, but to acquaint the participants with leading-edge and on-the-horizon approaches that they will encounter in the near future.
- Physical Asset Management & Reliability Concepts
- From Maintenance Management to Physical Asset Management
- Reliability Improvement through Preventive Maintenance
- Dealing with Censored Data, the 3-Parameter Weibull, and the Kolomorgov-Smirnov Test
- Preventive Maintenance & Spare Parts Replacements
- Case Studies in Component Preventive Replacement
- Spare parts provisioning
- Clinic: Hands-On Use of PC Software for Preventive Replacement Strategies
- Machine Health Monitoring & Inspection
- Inspection Frequency and Depth for equipment in continuous operation
- Economics of Reliability
- Aspects of Discounted Cash Flow Used in Capital Equipment Replacement Analysis
- Effective Management of Maintenance Resources & Information