0

Full Content is available to subscribers

Subscribe/Learn More  >

Comparing the Benefits of Monitoring Versus Preemptive Replacement or Repair

[+] Author Affiliations
Joel Woodcock, Laurent P. Houssay

Westinghouse Electric Company, Madison, PA

Paper No. PVP2005-71048, pp. 5-11; 7 pages
doi:10.1115/PVP2005-71048
From:
  • ASME 2005 Pressure Vessels and Piping Conference
  • Volume 7: Operations, Applications, and Components
  • Denver, Colorado, USA, July 17–21, 2005
  • Conference Sponsors: Pressure Vessels and Piping Division
  • ISBN: 0-7918-4192-8 | eISBN: 0-7918-3763-7
  • Copyright © 2005 by ASME

abstract

Today, utilities are faced with many equipment maintenance decisions, including whether to implement periodic replacement or to begin an inspection or condition monitoring program. Determination of an optimum maintenance strategy can be difficult because of the financial implications and the probabilistic aspect of the aging process. The Proactive Aging Management (PAM) Tool is a program that can be implemented by utilities to achieve maintenance optimization. PAM supports the decision making process by providing a financial analysis that assesses the impact of outage, inspection, repair and replacement costs together with the effects of aging on the failure rates of a particular component. PAM evaluates the present value of each maintenance strategy and optimizes maintenance parameters such as replacement date or inspection frequency. Component level models in PAM allow the system engineer to determine the best maintenance strategy for a given component. This paper describes an application of PAM that compares the options of inspection or proactive replacement to a base case run-to-failure strategy. The net present value (NPV) over the life of the plant is the metric by which strategies are compared. The NPV is generated for several combinations of inspection and proactive replacement costs. The results provide insight on the optimum choice based on the respective relative costs of each strategy.

Copyright © 2005 by ASME
Topics: Maintenance

Figures

Tables

Interactive Graphics

Video

Country-Specific Mortality and Growth Failure in Infancy and Yound Children and Association With Material Stature

Use interactive graphics and maps to view and sort country-specific infant and early dhildhood mortality and growth failure data and their association with maternal

NOTE:
Citing articles are presented as examples only. In non-demo SCM6 implementation, integration with CrossRef’s "Cited By" API will populate this tab (http://www.crossref.org/citedby.html).

Some tools below are only available to our subscribers or users with an online account.

Related Content

Customize your page view by dragging and repositioning the boxes below.

Related eBook Content
Topic Collections

Sorry! You do not have access to this content. For assistance or to subscribe, please contact us:

  • TELEPHONE: 1-800-843-2763 (Toll-free in the USA)
  • EMAIL: asmedigitalcollection@asme.org
Sign In