Abstract

Abstract Reliability methods are widely applied in design and manufacturing. Techniques such as FMEA, Life Data Analysis (aka Weibull analysis), Reliability Growth, System Analysis and Simulation, and FRACAS amongst others, represent the foundation of a solid reliability program. The collection of these tools and the process of deploying them appropriately is known as DFR in the design and manufacturing sector. Some of these tools and methods have also been applied in the maintenance sector (operators vs. manufacturers), but in many cases not as extensively. In this paper we propose a process for deploying different reliability tools and methodologies and we review their applicability in Asset Management. The proposed Asset Performance Management Process is linked to the DMAIC process and was inspired from the very successful DFR process. The proposed APM process lays down the different APM stages and the corresponding activities within each stage that need to be performed in order to achieve and sustain high asset reliability and availability, as well as reduce the operating costs.

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