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Assessment of Plant Maintenance Program Cost-Effectiveness Using ProCost©

[+] Author Affiliations
David H. Worledge

Applied Resource Management, Corrales, NM

Stephen M. Hess

Sensortex, Inc., Kennett Square, PA

Paper No. IJPGC2002-26037, pp. 229-236; 8 pages
doi:10.1115/IJPGC2002-26037
From:
  • 2002 International Joint Power Generation Conference
  • 2002 International Joint Power Generation Conference
  • Scottsdale, Arizona, USA, June 24–26, 2002
  • Conference Sponsors: Power Division
  • ISBN: 0-7918-3617-7 | eISBN: 0-7918-3601-0
  • Copyright © 2002 by ASME

abstract

This paper discusses use of the ProCost© Maintainability / Reliability / Production / Cost (MRPC) model to assess the cost effective performance of a power plant’s maintenance program. The RMPC model provides an estimate of the economic value added for plant assets. It also provides a summary of production and maintenance costs, generation losses, and revenue losses, and gives a bottom line report on the asset’s economic value to the company. The model accounts for the way in which the maintenance program interacts with the generation process and estimates the leverage provided by expenditures on preventive maintenance. ProCost© is an engineering tool for tracking each asset’s production and cost performance under appropriate engineering approximations. Thus, it provides useful insights into where maintenance resources can be expended most effectively to increase generation and reduce operating costs.

Copyright © 2002 by ASME

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