June 2012

Columns

HP Integration Strategies: Making the business case for reliability

The global process industries lose $20 billion, or 5% annual production, due to unscheduled downtime and poor quality. ARC estimates that almost 80% of these losses are preventable. In fact, 40% of th..

Hollywood, Paula, ARC Advisory Group

The global process industries lose $20 billion, or 5% annual production, due to unscheduled downtime and poor quality. ARC estimates that almost 80% of these losses are preventable. In fact, 40% of these losses are largely attributable to human error. The greater use of automation may have reduced the need for manpower. Conversely, maintenance costs and cost of ownership have increased under these conditions. Ineffective maintenance accounts for $60 billion spent annually. In addition, manufacturers are under pressure to place more emphasis on safety and environmental impact. Reliability and asset performance management The “if it isn’t broke, don’t fix it” approach

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.

2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain IMMEDIATE ACCESS to the current issue as well as to 3 articles from the HP archives per month. $239 for an annual subscription.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain IMMEDIATE ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,695 for an annual subscription.  For information about group rates or multi-year terms, contact J'Nette Nichols-Davis at  jnette.davis-nichols@gulfpub.com or +1 713.520.4426.

Related Articles

From the Archive

Comments