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Home arrow Health arrow Case Studies in Maintenance and Reliability: A Wealth of Best Practices

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Principles

The financial viability of major projects is greatly dependent on their capi?tal costs. Project designers often concentrate on technical aspects of the design, but are less comfortable when dealing with economic aspects. Modeling tools offer cost-effective solutions and improve confidence in the design, by providing quantitative performance estimates. They permit designers to evaluate alternative configurations and operating philosophies to find optimal solutions. Marginal projects may cross the economic hurdles by eliminating noncritical items and thus trimming costs.

This is where reliability engineers can assist designers, but the communication between the two groups has room for improvement.

References

i. The Institute of Electrical and Electronics Engineers. 1984. IEEE Std 500-1984. Corrected Edition 2nd Printing, November 1993. New York: IEEE. Library of Congress Catalog Number 83-082816

ii. Det Norske Veritas. 1992. OREDA-92 Reliability Data Handbook. Hovik, Norway: (Offshore Reliability Data) DNV Industry.

iii. Det Norske Veritas. 1998. OREDA Handbook with data from Phase III. 2nd ed. Hovik, Norway: OREDA, Det Norske Veritas

iv. RAC. 1991. RAC NPRD Nonelectronic Parts Reliability Data. http://www.lricks.com/rac.htm

 
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