Year-end Sale % OFF 
Abstract
This article presents a virtual age model for decision support regarding life extension of ageing repairable systems. The aim of the model is to evaluate different life extension decision alternatives and their impact on the future performance of the system. The model can be applied to systems operated continuously (e.g., process systems) and systems operated on demand (e.g., safety systems). Deterioration and efficiency of imperfect maintenance is assessed when there is limited or no degradation data, and only failure and maintenance data is available. Systems that are in operation can be studied, meaning that the systems may be degraded. The current degradation is represented by a “current virtual age”, which is calculated from recorded maintenance data. The model parameters are estimated with the maximum likelihood method. A case study illustrates the application of the model for life extension of two fire water pumps in an oil and gas facility. The performance of the pump system is assessed with respect to number of failures, safety unavailability and costs during the life extension period.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
