December 2002

Special Report: Engineering and Construction

Reliability-based program assesses equipment assets

This database compares and prioritizes different maintenance options

Hydrocarbon processing companies today need reliable plants in order to make the best use of their assets and to remain competitive. An asset assessment program can help attain plant reliability by providing proper decision-making measures. Our program uses equipment history, failure data and reliability team input to help quantify the decision-making process. Various maintenance or improvement options are entered in the database for each asset along with the mean time between failure (MTBF) information that corresponds to each option. Failure curve modeling and the subsequent economic calculations are carried out for each option. These economic measures are then evaluated to determine the

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