May 2007

Special Report: Maintenance/Reliability

Quantifying the ROI of an asset performance management program

Here's how a typical refinery can obtain nearly $4 million per year in benefits

Ayral, T., INOVx Solutions; Moran, M., Meridium, Inc.

An asset performance management (APM) program can increase processing plant availability and reliability, optimize operation and maintenance costs, and help control risk. This article will quantify the annual benefit from APM programs for a typical refinery and also describe the functionality APM programs provide. Many processing plant executives want to know the return on investment (ROI) in an APM program before they make that investment, and this article will quantify that "return." Asset performance management. The military, along with the electronics, automotive and airline industries, has achieved an incredibly high level of safety and equipment reliability through the application of

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