Introduction

• 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?

Objectives                                         

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.

The Contents

• 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