An analytical approach to evaluate life-cycle cost of deteriorating pipelines

Abstract

Optimal inspection and maintenance planning for deteriorating pipelines is important for cost-effective risk management decisions. The objective of this study is to develop an analytical approach for determining the expected value and standard deviation of life-cycle cost (LCC) for deteriorating pipelines, which can incorporate imperfect repair and inspection actions without making independent assumptions of failure and repair events. The framework is developed based on a decision tree model by using analytical methods to evaluate events and considers the impact of the inspection schedules and possible repair actions on the probability distributions of failure times. To illustrate the proposed framework, a steel transmission pipeline with a corrosion defect is used, where a stochastic model of corrosion growth is assumed and burst failure is considered as the pipeline failure mode. The case study indicates that the failure cost due to two or more failure occurrences can be ignored; and the inspection interval, repair threshold and type, the length of lifetime considered, and unit failure cost all play important roles in the expected value of the total cost. The variation in the LCC estimation is found to be significant, and it has a great impact on determination of optimal decision variables.